Fed’s Logan: Fed's next rate move could be cut or hike

Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, spoke at the Bank of Dallas, claiming that the Fed should not have give guidance that implies easing right now. She also added that the next rate move could be a cut or a hike.

Key takeaways:

Fed should not give guidance implying easing right now.

Fed's next rate move could be cut or hike.

Economic outlook is very uncertain right now.

Job market has been stable.

Increasingly concerned about getting inflation back to 2%.

Outlook for inflation path is uncertain.

Dissented against Fed’s easing bias at FOMC meeting.

Has been stable."