Dallas Federal Reserve President Lorie Logan said Friday she would have voted against the Fed’s latest interest rate cut if she were a voting member, arguing inflation remains elevated and is not yet convincingly on track to the central bank’s 2% target. Logan noted that she expects PCE inflation to stay above the goal into 2026, saying price pressures are likely to persist “too much longer” to justify continued easing.
While acknowledging a labor market that is “balanced and cooling slowly,” Logan said the economic outlook does not support further rate cuts at this stage. She added that employment-related risks were already addressed with September’s reduction in borrowing costs and that remaining risks can be monitored rather than addressed preemptively.
Logan’s comments reflect a cautious stance within the Fed even as broader policymakers have begun to loosen financial conditions. Her remarks highlight ongoing internal debate over the timing and pace of future rate adjustments as officials weigh inflation trends against economic momentum.
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