📰 DALLAS FED’S LOGAN SAYS FED SHOULD MOVE GRADUALLY Lorie Logan, president of the Dallas Fed, says in a speech that easing policy too quickly could create excess aggregate demand and risk reigniting inflation. “These risks suggest the FOMC should not rush to reduce the fed funds target to a ‘normal’ or ‘neutral’ level but rather should proceed gradually while monitoring the behavior of financial conditions,” Logan says in the published text of a speech at an energy conference in Houston. Meanwhile, job gains have slowed but overall the labor market remains healthy, she says. Logan is not a voter on the rate-setting Federal Open Markets Committee this year.