Fed policy 'a bit loose,' need it to be 'restrictive,' Logan says

June 3 (Reuters) – Federal Reserve Bank of Dallas President Lorie Logan on Wednesday said she feels monetary policy is currently “neutral or perhaps even a bit loose,” in contrast with what she feels the economy needs in light of inflation that’s too high. 

Inflation is heading toward 2.5%, she said, but the Fed aims to get it down to 2%. “In order to do that, we need at least mildly restrictive policy to finish the job,” Logan said, in remarks which underscore her view that the Fed may need to raise interest rates.  

(Reporting by Ann Saphir, Editing by Franklin Paul)

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