Fed’s Logan: Robust Labor Market, Premature Rate Cuts Could Lead to Deeper Economic Scars
According to ChainCatcher, citing Jinshi Data, Federal Reserve official Logan stated that the labor market remains strong and fiscal policy is expected to drive economic growth.
She pointed out that if the Federal Reserve misjudges the situation and fails to cut interest rates in a timely manner, it may need to further lower rates later to bring employment back to normal levels.
At the same time, she emphasized that cutting rates too early could inflict deeper economic damage on the long road to achieving price stability.
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