Federal Reserve's Logan Suggests Cautious Approach to Potential Rate Cuts

According to Odaily, Federal Reserve official Logan has indicated that further interest rate cuts are "very likely" necessary, but emphasized the need for caution. Logan warned that excessive rate cuts beyond the neutral level could lead to a resurgence in inflation. The Federal Reserve has made "significant progress" in reducing inflation and restoring economic balance, but determining the number of rate cuts needed and the pace at which they should occur remains challenging. Logan's remarks were prepared ahead of the release of October's Consumer Price Index (CPI) data.