Fed's Logan: balance sheet trimming to continue for 'quite some time'

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 14 (Reuters) - Dallas Federal Reserve President Lorie Logan on Tuesday said that the U.S. central bank's ongoing reductions to its balance sheet are a really important component of the Fed's efforts to tighten policy and will go on for "quite some time." In a talk at Prairie View A&M University in Texas, Logan also said that inflation remains the Fed's "top priority" and that as she tours Texas the main thing she hears from communities is that high inflation remains a challenge. (Reporting by Ann Saphir;)

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