Fed's Logan sees inflation trending toward 2% target

Lorie Logan, the President of the Dallas Federal Reserve Bank, said today that she sees inflation making progress towards the Federal Reserve's 2% target.

Speaking at an event in El Paso, Texas, Logan conveyed a cautious optimism about reaching the inflation goal, albeit with an acknowledgment of potential deviations from the expected path.

"I think there's good reasons to think that we're headed to 2% -- we're still on that path, perhaps a bit slower and a little bit bumpier than maybe many thought at the beginning of the year," Logan said.

She pointed out that there are still significant risks that inflation could trend higher than desired.

This acknowledgment of "upside risks" around 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 a 2% inflation rate as a benchmark for economic stability.

You May Also Be Interested In

• BofA's Hartnett explains why Wall Street is trading with 'no fear'
• Could Intel return to the red-hot memory market after $20B raise and recent hire?
• SanDisk upgraded at JPMorgan after investor day; shares climb