Lori Logan, president of the Federal Reserve Bank of Dallas, said today that she sees inflation approaching the Federal Reserve’s 2% target.
Speaking at an event in El Paso, Texas, Logan expressed cautious optimism about hitting the inflation target, although he acknowledged potential deviations from the expected path.
“I think there’s a good case to be made that we’re getting closer to 2% — we’re still on that path, perhaps a little slower and a little bumpier than a lot of people thought at the beginning of the year,” Logan said.
She noted that there are still significant risks that inflation could exceed desired levels.
This recognition of “upside risks” to inflation suggests vigilance on the part of the Federal Reserve as it monitors economic indicators and adjusts its policies accordingly.
The Federal Reserve has consistently aimed for an inflation rate of 2% as a benchmark for economic stability.