Dallas Fed's Logan Says Central Bank Was Wrong to Cut This Rates Week

Core Viewpoint - Lorie Logan expressed opposition to the Federal Reserve's recent quarter-point interest-rate cut, emphasizing that the potential risks associated with a slowing job market do not warrant deviating from the primary goal of controlling inflation [1] Summary by Relevant Categories - Interest Rate Policy - The Federal Reserve's decision to cut interest rates by a quarter-point has been challenged by Lorie Logan, who believes that the current job market conditions do not justify such a move [1] - Inflation Control - Logan's stance highlights the importance of maintaining focus on inflation management, suggesting that the risks of a slowing job market should not distract from this objective [1]