**: Global Market Broadcast.
Dallas Fed President Lori Logan said she doesn't see the urgency of a rate cut at this time, adding that policymakers have time to assess the upcoming economic data.
Speaking at an event in Hurst, Texas, on Friday, Logan said, "We need to take a moment to continue to look at the data and evaluate it." ”
These statements were similar to those made by other policymakers, including Chair Jerome Powell. The Fed** has indicated that they are in no hurry to start cutting interest rates. Policymakers have kept interest rates unchanged since July and hinted that the next step could be a rate cut.
Logan, who has more than 20 years of experience operating financial markets at the New York Fed, said the Fed's work on balance sheet reduction has been "very smooth so far." "The U.S. Treasury market has been very resilient," she added. ”
Logan said earlier this year that policymakers should now start discussing the metric parameters of the Fed's decision to slow down balance sheet reduction. She said the pace of balance sheet reduction should begin to slow amid the decline in the Fed's use of overnight reverse repo agreements.
Logan has no voting rights on monetary policy this year.