Fed's Logan says it could be appropriate to skip an FOMC rate hike at September meeting

<p>Dallas Federal Reserve Bank President
Lorie Logan:</p><ul><li>
'Could be appropriate' to skip interest-rate increase in Sept</li><li>There is 'work left
to do' to get to sufficiently restrictive policy</li><li>Skipping does not
imply stopping rate hikes</li><li>Not yet convinced
we've extinguished excess inflation</li><li>Fed needs to
calibrate policy 'carefully,' must proceed gradually</li><li>Significantly lower
inflation in recent months 'encouraging,' but too soon to confidently
say on path to 2% in timely way</li><li>Job market strength
suggests we have not finished the job of restoring price stability</li><li>If stronger economic
activity continues, could lead to a resurgence of inflation</li></ul><p>Headlines via Reuters. </p><p>Logan keeping all options open here. Making points for hiking, and for not hiking. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.