Federal Reserve official Logan has expressed opposition to cutting interest rates this week or in December, citing a balanced labor market and persistent inflation above the 2% target. Logan emphasized that the current economic conditions do not justify a rate cut, stating, "Unless there is clear evidence that inflation will fall faster than expected, or that the labor market will cool faster, I would find it difficult to support another rate cut in December." Although Logan does not have a vote on the Fed's policy-making committee this year, she highlighted that data from various sources, including private sector reports and state unemployment claims, indicate the economy is stable and not in need of immediate intervention.
Fed's Logan Opposes Rate Cuts Amid Balanced Labor Market
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