Summary of Lori Logan's Comments on Inflation Data
Dallas Fed Member Lori Logan stated that a less tight monetary policy will help alleviate inflationary pressures.
Recent consumer price inflation data for September showed an annual rate of 2.4%, slightly above the expected 2.3%.
The core inflation rate (excluding food and energy) rose to 3.3%, higher than both expectations and the previous reading of 3.2%.
The Fed is closely tracking inflation trends to balance price stability with economic growth.
