Fed policy-makers disagree over risks

Williams and Goolsbee say policy is restrictive but Logan takes different view

Lorie Logan
Lorie Logan

Senior Federal Reserve policy-makers have appeared to disagree about the restrictiveness of monetary policy in recent speeches.

John Williams, president of the Federal Reserve Bank of New York, said his base case forecast sees rate cuts this year, and he expressed optimism surrounding current policies. His Chicago counterpart voiced similar optimism. But Lorie Logan of the Federal Reserve Bank of Dallas said that largely analysts are wrong and monetary policy is not as restrictive as assumed or

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