Federal Reserve's Logan expressed optimism about the recent CPI data, stating the need for continued positive trends over several months to reach the 2% target. Logan acknowledged that while inflation remains high, significant progress has been made.
Fed's Logan expressed optimism about the improving economy but raised concerns about potential inflation risks. #Fed #Economy #Inflation
LOGAN: WE ARE SEEING ECONOMY COME INTO BETTER BALANCE, BUT STILL WORRIED ABOUT UPSIDE RISKS TO INFLATION
FED'S LOGAN: WE ARE SEEING THE ECONOMY COME INTO BETTER BALANCE, BUT I AM STILL WORRIED ABOUT UPSIDE RISKS TO INFLATION.
Fed's Logan: Will need to see 'several more months' of better CPI numbers https://t.co/dzwqrrb5AK
FED'S LOGAN: IT IS GREAT TO SEE CPI DATA, WILL NEED TO SEE SEVERAL MORE MONTHS TO HAVE CONFIDENCE WE ARE HEADING TO 2%.
Fed’s Logan: Inflation Remains Too High, But Have Made ‘Tremendous Progress’ - 'Great To See' CPI Data, Need To See 'Several More Months' To Have Confidence On Inflation - Fed Is In A Good Position, To Be Patient, On Policy
FED’S LOGAN: ‘GREAT TO SEE’ CPI DATA, WILL NEED TO SEE ‘SEVERAL MORE MONTHS’ TO HAVE CONFIDENCE HEADING TO 2%
FED'S LOGAN: MAY CPI DATA WAS WELCOME NEWS.
FED'S LOGAN: INFLATION IS STILL TOO HIGH, BUT HAVE MADE TREMENDOUS PROGRESS.
FED’S LOGAN: INFLATION STILL TOO HIGH, BUT HAVE MADE TREMENDOUS PROGRESS
Fed's Goolsbee: "CPI data this week 'was very good'" "My feeling was relief" "If we got a lot of months like May's CPI data, we would be feeling very good" "We will get a lot of data between now and September, December meetings" "We got to see some more progress"
Fed’s Goolsbee Calls May CPI Data ‘Very Good’ But Just One Month - More Reports Like May’s CPI Will Help Inflation Confidence
FED'S GOOLSBEE: CPI DATA THIS WEEK WAS VERY GOOD, IF WE GOT A LOT OF MONTHS LIKE MAY'S CPI DATA, WE WOULD BE FEELING VERY GOOD.