Fed's Logan: Fed likely needs to cut rates further but should proceed with caution
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Odaily Odaily: Fed's Logan said that the Fed "very likely" needs to cut interest rates further, but should "act with caution". If the Fed cuts interest rates too much and exceeds the neutral level, inflation may re-accelerate. The Fed has made "significant progress" in reducing inflation and restoring economic balance. It is difficult to judge how many rate cuts are needed and how fast the rate cuts need to be. (Note: Logan's speech on Wednesday was prepared before the release of the October CPI data. (Jinshi)
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