Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response.

Federal Reserve Bank of Dallas President Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower inflation wouldn’t necessarily prompt further interest-rate reductions.

Economists were already scaling back predictions of multiple Federal Reserve interest rate cuts this year after data indicated stalled progress in taming inflation and unknowns from the White