According to online reports, Federal Reserve Logan said that the options for 2025 can be boiled down to resuming interest rates "as soon as possible" or keeping rates unchanged "for a considerable period of time." If the U.S. job market deteriorates, the Federal Reserve may cut interest rates. The labor market remains strong, which may mean policy rates are close to neutral. 2% inflation is not a necessary condition for the FOMC to cut interest rates. Central banks must anchor inflation expectations. Changes in trade policy may continue to affect the economy.