Fed's Logan calls for 'gradual' rate cuts, says 'should not rush'

Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given "still real" upside risks to inflation and "meaningful uncertainties" over the economic outlook. "Following last month’s half-percentage-point cut in the fed funds rate, a more gradual path back to a normal...