Dallas Fed President Logan: The Fed can be patient and ready to respond if necessary

Odaily Planet Daily News: Dallas Federal Reserve Chairman Logan said on Monday that with a stable labor market, slightly above target inflation, and an uncertain outlook, the Fed is closely monitoring a series of data to determine what response measures may be needed and when to take them. Logan said at a banking conference, "Monetary policy is in a good position, which allows us to patiently wait and observe data, because we know that if there is a substantial change in the risk of either party, we have the ability to take action. Our job is to ensure that a one-time rise in price levels does not become a persistent inflation problem