Dallas Federal Reserve Bank president Lorie Logan said on Monday that the U.S. economy is strong and stable. The official, however, acknowledged that she sees downside risks to the job market and ongoing risks to the Fed's inflation goal. "We will need to remain nimble and willing to adjust if appropriate,” she highlighted.
Logan also said that she expects gradual rate decreases if the domestic economy evolves as she currently sees.
In addition, the chief of the Dallas Fed noted that the Fed's balance sheet cuts and rate reductions are currently working in the same direction. Logan also expressed the view that liquidity remains abundant in money markets and money market rates continue to generally run well below.