Fed officials see inflation falling, signal no rush to cut rates
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Federal Reserve policymakers continue to expect inflation to fall this year even as the labor market stays strong, leaving them in no hurry to cut the policy rate from the 5.25%-5.5% range they have kept it in since last July. Dallas Fed President Lorie Logan said on Thursday she is still worried about upside risks to inflation and warned the U.S. central bank needs to stay "flexible" and keep "all options on the table" as it watches the data and determines how to respond. "It's really important that we don't lock into any particular path for monetary policy," Logan said at an event in El Paso, Texas. "I think it's too soon to really be thinking about rate cuts." While inflation has been running closer to 3% than 2% so far this year, Logan said, "I think there's good reasons to think that we're headed to 2% - we're still on that path, perhaps a bit slower and a little b...