According to Dallas Federal Reserve President Lorie Logan, the labor market is not a contributing factor to current inflation. She highlighted that some Texas businesses are unexpectedly elevating wages. While expressing worry over the risk of a wage-price spiral, Logan noted that it is still too early to ascertain whether these trends will persist, stressing the need for continued evaluation.

The policymaker said this week's good inflation news wasn't good enough.

Dallas Fed President Lorie Logan signaled support for higher interest rates, warning inflation remains above target and policy is not restrictive enough. She flagged risks from…