"US Fed's Barr defends bank capital rules amid Wall Street pushback"

Dallas Fed President Lorie Logan discussed the economic outlook and the role of financial conditions in influencing monetary policy. She emphasized the importance of returning inflation to the 2 percent target and highlighted the strength of the labor market and robust output and spending. Logan noted that financial conditions have tightened in recent months, primarily due to increases in longer-term interest rates and term premiums. She stated that continued restrictive financial conditions may be necessary to achieve price stability and the Fed's goals of maximum employment and price stability, but the extent of additional policy firming will depend on economic and financial developments.