Bond market turmoil could aid Fed policy, say FOMC members
Phillip Jefferson and Lorie Logan say financing points to strong economic momentum
Two voting members of the Federal Open Market Committee (FOMC) argued tightening financial conditions in the US could help restrain inflation.
Lorie Logan, president of the Federal Reserve Bank of Dallas, and board of governors member Phillip Jefferson both examined bond market turmoil. The volatility could also point to strong underlying economic momentum which requires hawkish policy, they said in separate speeches on October 9.
Logan said recent bond market moves are defying monetary policy
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