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

Odaily Planet Daily News Dallas Fed President Logan said on Monday that with the labor market stable, inflation slightly above target and the outlook uncertain, the Fed is closely watching a series of data to determine what response measures may be needed and when. Logan said at a banking conference: "Monetary policy is in a good position to allow us to wait and watch the data patiently, because we know that if the risks on either side change substantially, we have the ability to take action. Our job is to ensure that a one-time increase in the price level does not become a persistent inflation problem." (Jinshi)