Federal Reserve's Logan: The labor market is strong, and premature rate cuts could lead to deeper economic scars

ChainCatcher news, according to Jinshi Data, Federal Reserve's Logan stated that the labor market remains strong, and fiscal policy is expected to be a driving force for economic growth.

She pointed out that if the Federal Reserve makes a misjudgment and fails to cut interest rates in a timely manner, it may have to further cut rates later to bring employment back to normal levels.

At the same time, she emphasized that if rates are cut too early, it could lead to deeper economic scars on the long road to achieving price stability.