Fed’s Logan Says Cooling Inflation Not Enough for More Rate Cuts

Federal Reserve Bank of Dallas President Lorie Logan said she’s hopeful inflation will continue to come down, though it would take “material” weakness in the labor market for her to support more interest-rate cuts.

“We will learn in coming months whether inflation is coming down to our target and whether the labor market will remain stable,” Logan said Tuesday in prepared remarks for an event in Austin.

“If so, this would tell me that our current policy stance is appropriate and no further rate cuts are needed to achieve our dual mandate goals,” she said. “If instead we see inflation ...