Fed's Logan: It's too early to consider rate cuts now, but believes inflation will reach 2%

Fed's Logan said that the US has not yet achieved a soft landing. The first quarter inflation data was disappointing and there are important upside risks to inflation. It is too early to consider rate cuts now. We need to be flexible in policy. There is still good reason to believe that inflation will reach 2%, the neutral interest rate level may have risen, and there is currently uncertainty about the degree of restrictiveness of the Fed's policy. (Jinshi)