Lorie Logan
Role in each timeline
- The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
Dallas Fed president who dissented for a July increase and has said the target range may need at least 50 more basis points of tightening.
Lorie Logan across every timeline
Every dated entry that names Lorie Logan, from all 1 timeline, newest first.
- Logan says the target range needs at least 50 more basis points Response
Dallas Fed President Lorie Logan said she estimated that the federal-funds target range needed to rise by at least another 50 basis points. She described September's increase as a first step and said policy needed to become modestly restrictive.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings - Fifth straight hold; three regional presidents dissent in favour of a rate increase Announcement
The FOMC voted 9 to 3 to keep the range at 3.5 to 3.75 percent, with Hammack, Kashkari and Logan preferring a quarter-point increase, the first dissents for a hike since 2019 and a sign the debate under Warsh had flipped from when to cut to whether to tighten. Inflation remained elevated relative to target and core PCE was running near 3.3 percent.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings - Four dissents at Powell's last full meeting as chair: one for a cut, three against the easing bias Announcement
The FOMC held for a third meeting, describing inflation as elevated in part because of global energy prices. Miran wanted a cut, while Beth Hammack, Neel Kashkari and Lorie Logan supported holding but objected to the statement's easing bias, the widest split under Powell. The Senate Banking Committee had advanced Warsh's nomination on a party-line vote the same day.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings