Ella 
Dallas Fed President Lori Logan said on Saturday that the Fed may need to continue raising short-term policy rates to prevent the recent decline in long-term bond yields from reigniting inflation.
Key quotes
Easing financial conditions too early could allow demand to pick up.
If we do not maintain sufficiently tight conditions, inflation risks may rise, reversing the fall in inflation.
It would be appropriate to consider parameters to guide the Fed’s decision to slow its balance sheet.
The labor market “remains tight” but remains in the process of rebalancing.
Although no longer “particularly abundant,” bank reserves and liquidity in the financial system are generally relatively abundant.
Inflation conditions are much better than last January, but the Fed is not done yet.
With the Fed’s overnight reverse repo balance approaching low levels, the Fed should slow the pace of asset hemorrhage.
