Federal Reserve's Logan: The Federal Reserve is likely to need further rate cuts, but should proceed with caution

ChainCatcher news, according to Jinshi reports, Fed's Logan stated that the Fed "very likely" needs to cut rates further, but should "proceed with caution."

If the Fed over-cuts rates beyond neutral levels, inflation may accelerate again. The Fed has made "significant progress" in reducing inflation and restoring economic balance, making it difficult to determine how many rate cuts are needed and how quickly they should occur.