Federal Reserve's Logan: Inflation rate has exceeded the target and is on an upward trend

BlockBeats News, on October 2, Federal Reserve's Logan stated that employment growth has slowed significantly, and it is necessary to pay attention to risks on both sides of the Fed's mandate. The inflation rate has exceeded the target and is on an upward trend. The recent rate cuts are intended to guard against a more rapid and nonlinear decline in the labor market.

"Policy is only slightly restrictive, which is just right. We need to remain highly cautious about rate cuts and must not ease too much, otherwise we will have to reverse policy." (Golden Ten Data)