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Federal Reserve’s Logan Says More Labor Market Slack May Be Needed for Inflation Goal

Logan indicated that easing labor market tightness could be necessary for the U.S. to reach its 2% inflation objective.

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Terms & Concepts
  • Labor Market Slack: The degree to which labor resources are underutilized, often measured by unemployment rates and the availability of workers relative to job openings.
  • Inflation Target: A central bank’s specified annual rate of inflation, often used to guide monetary policy decisions; the Federal Reserve’s target is 2%.
  • Federal Reserve: The central banking system of the United States responsible for setting monetary policy, including interest rates and inflation targets.