The US economy remains resilient

The President of the Federal Reserve (Fed) Bank of Dallas, Lorie Logan, struck a cautiously balanced tone in earlier remarks, acknowledging both persistent inflation pressures and rising market uncertainty.

Key Quotes

• Despite uncertainty and financial market volatility, the US economy is resilient.
• The labour market remains stable.
• Inflation is still somewhat above target.
• Risks are balanced on both sides of the mandate.
• If tariffs change inflation expectations, that would be significant.
• Market volatility and uncertainty could cause households and businesses to pull back.
• Monetary policy is well positioned to wait and be patient.
• Well-positioned to act if risks materialise.
• Key risk is if higher short-term inflation expectations become entrenched.
• Our job is to ensure inflation doesn’t become persistent.