Federal Reserve Chair Powell said that the Fed's policy stance is in a favorable position.

Dallas Fed President Lori Logan said she believes the Fed's interest rate stance is well positioned to address the risks facing the economy. This statement suggests that she may not be inclined to support further rate cuts at the upcoming Fed meeting. Last year's rate cuts brought the federal funds rate to a range of 3.5% to 3.75%, a level reaffirmed by the Fed at its most recent meeting last month. Speaking at a financial conference in Austin, Texas on Tuesday afternoon, Logan said that this setting is appropriate for an economy facing both persistent inflation and a cooling job market. She suggested that the Fed's policy stance may be approaching a neutral level, neither stimulating nor inhibiting economic activity. Logan stated in her prepared remarks, "Our policy is well-positioned to address any risks facing either of the dual mandate goals of the Federal Open Market Committee."