As the Fed enters its pre-meeting blackout period, several regional presidents and governors concluded a week of intensive public remarks. Vice Chair JEFFERSON and New York Fed President Williams said policy is well positioned to drive DISINFLATION back to the Fed's target. Governor COOK said she is prepared to act if near-term signs of slowing inf do not appear but also wants more time to observe the trend. Dallas Fed President Logan, an FOMC voter this year, said rates likely need to rise furt

As the Fed enters its pre-meeting blackout period, several regional presidents and governors concluded a week of intensive public remarks. Vice Chair JEFFERSON and New York Fed President Williams said policy is well positioned to drive DISINFLATION back to the Fed's target. Governor COOK said she is prepared to act if near-term signs of slowing inf do not appear but also wants more time to observe the trend. Dallas Fed President Logan, an FOMC voter this year, said rates likely need to rise further to return inf to target and signaled she could dissent at the July meeting if the FOMC keeps the policy range at 3.50%–3.75%.