James E. Thorne says Dallas Fed President Lorie Logan is pushing for more rate hikes while overlooking the Dallas Fed’s own Trimmed Mean PCE inflation gauge at 1.92%. He argues the stance clashes with both the data and standard policy logic.
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James E. Thorne says Dallas Fed President Lorie Logan is pushing for more rate hikes while overlooking the Dallas Fed’s own Trimmed Mean PCE inflation gauge at 1.92%. He argues the stance clashes with both the data and standard policy logic.
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