About Lorie Logan
Lorie Logan, President and CEO of the Federal Reserve Bank of Dallas, participated in two public conversations in May and July 2026. In her remarks, Logan stated that she currently believes "modestly higher interest rates would better balance the outlook and risks for the FOMC's dual mandate goals." She characterized inflation as "too high" and "trending in the wrong direction," adding that her best judgment is that inflation appears to be "heading toward the mid-2s, not all the way back to 2%." Logan noted that PCE inflation still ran close to 4% over the past 12 months and said she is "increasingly concerned that higher interest rates could be necessary later this year to fully restore price stability."
Logan described the labor market as "stable" and "balanced," with an unemployment rate of 4.3%. She assessed that monetary policy is "not restraining the economy" and appears "neutral or perhaps even a bit loose," adding that "better modest restriction now than severe restriction later." In her discussions, Logan also addressed regional economic topics, including increased export activity of oil and gas, rising electricity demand from data centers and generative AI, and labor demand in construction and manufacturing related to data center development in the Dallas Fed's district.
Source: AI-verified profile updated from Lorie Logan's recent appearances.
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Transcript (1 segments)
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Lorie Logan0:01
And thinking about the policy choices ahead. I continue to apply the same foundational considerations I've applied since I became president of the Dallas Fed two years ago. First and foremost, I'm committed to sustainably achieving both of these dual mandate goals: maximum employment and stable prices. Second, carefully considering how the risk environment affects our strategy. And I continue to pay close attention to financial conditions and to the information I receive from Dallas Fed surveys, from business and community contacts, and from market participants like all of you. So two takeaways stand out for me in the current picture. First, the economy is strong and stable, but certainties remain in the outlook. Downside risks to the labor market have increased, balanced against diminished but still real upside risks to inflation. And then, asked to assess and measure, if the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a more normal or neutral level can help manage the risks and achieve our goals. However, any number of shocks could influence what the path to normal will look like, how fast policy should move, and where rates should ultimately settle. In my view, the FOMC will need to remain nimble and willing to adjust, if appropriate.
