Fed's Logan: Fed should not give guidance implying easing right now

Dallas Federal Reserve Pres. Lori Logan is exploiting her dissent at the FOMC meeting this week. The vote to keep rates unchanged was 8 to 4 with Fed Miran voting to cut rates while Fed's Kashkari, Logan and voted to keep rates unchanged but to take out the easing bias from the official statement. Logan says: Fed should not give guidance and point easing right now. That's next rate move could be cut or hike. Economic outlook is very uncertain right now. Jobs market has been stable. Increasingly concerned about getting inflation back to 2%. Outlook for inflation path is uncertain. Fed's Kashkari and Hammack had similar thoughts: Kashkari: Pre-Iran: easing inflation and steady jobs pointed to gradual cuts Iran shock adds stagflation risk via oil and supply disruption Hammack: uncertainty up, inflation risks skew higher, easing bias outdated Both: hikes are back on the table if inflation persists This article was written by Greg Michalowski at investinglive.com.