Fed’s Logan: restoring price stability is No. 1 priority
2022.09.01 01:41
FILE PHOTO: Lorie Logan, president and CEO of the Federal Reserve Bank of Dallas, attends a dinner program at Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium outside Jackson, Wy
(Reuters) – Lorie Logan, who started her new job as president of the Federal Reserve Bank of Dallas just over a week ago, lost no time making clear that she is on the same page with her fellow U.S. central bankers in their inflation fight.
“Being president of the Dallas Fed and as a policymaker, our number one priority has to be to restore price stability,” Logan said on Wednesday in a virtual event held by the regional Fed bank to introduce her.
The Fed is raising interest rates at a pace not seen since the 1980s to fight inflation that has running at a 40-year high.
