(Boursier.com) — The Federal Reserve opted for the status quo last month, but some of its members were clearly in favor of continued monetary tightening. This is particularly the case of the President of the Dallas Fed. Lorie Logan said on Thursday that she voted for a rate hike in June and sees the Fed raising rates twice more this year. “In my view, it would have been entirely appropriate to raise the target range for fed funds at the FOMC meeting in June, consistent with the data we had seen in recent months and the objectives of the Fed’s dual mandate,” said the leader in a speech at Columbia University. “But while voting, I was aware of several factors… In a difficult and uncertain environment, it may make sense to skip a meeting and move more gradually. [Aussi]financial conditions matter more to the economy than the precise path of the policy rate”.
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