Lori Logan

Given the uncertainty we have in the various scenarios that could play out, I found it difficult to have a most likely path for the economy today.

because there's just so much we don't know.

Right now, I think policy is positioned to adjust to the data as it's coming in, and we're prepared to make adjustments to the policy path as appropriate.

Given the uncertainty we have in the various scenarios that could play out, I found it difficult to have a most likely path for the economy.

because there's just so much we don't know.

Right now, I think policy is positioned to adjust to the data as it's coming in, and we're prepared to make adjustments to the policy path as appropriate.

We'll learn in coming months whether inflation is coming down to our target and whether the labor market will remain stable.

If so, this would tell me that our current policy stance is appropriate and that no further rate cuts are needed to achieve our dual mandate goals.

I think it would be hard to support another rate cut unless we were to get convincing evidence that inflation is really coming down faster than my expectations or that we were seeing more than the gradual cooling that we've been seeing in the labor market.