Fed's Logan: Too Soon for Rate Cuts Given Upside Risks to Inflation

Logan says it's too soon to consider interest rate cuts given upside inflation risks
Wants to see more uncertainty resolved before lowering rates; Fed should remain prepared to respond if inflation stalls
Increasingly concerned about upside risks to inflation outlook, stalling before reaching 2% target
Favors slowing balance sheet drawdown before halting it to assess liquidity conditions
Contacts see soft landing as most likely outlook; productivity may allow higher activity without price pressures