Fed can be patient, ready to respond if needed: Logan

"Monetary policy is really well positioned for us to wait and be patient and watch the data, knowing that if the risks are to materially change on either side, we're well positioned to act," Logan said at a banking conference. Logan's remarks echo those of many of her rate-setting colleagues who expect U.S. President Donald Trump's tariffs to push up both on unemployment and on inflation, potentially putting the central bank in the difficult position of needing to pick which battle to prioritize.