[Federal Reserve's Logan: No need for a rate cut this week, opposes another rate cut in December] BlockBeats News, October 31, Federal Reserve's Logan stated that the Fed should not cut rates this week and should also avoid another rate cut in December. She pointed out that the labor market is 'generally balanced,' with no immediate need for support, while inflation appears likely to remain above the 2% target for an extended period. Logan said: 'The current economic outlook does not require a rate cut. I don't think a rate cut is necessary this week. Without clear evidence showing that inflation will decline faster than expected or the labor market will cool down more quickly, I would find it difficult to support another rate cut in December.' Logan does not have voting rights on the Federal Reserve's policy-making committee this year. She noted that data from the private sector, unemployment claims across states, and the Fed's own business and community network provide the central bank with perspectives on the economy, and the overall situation is 'far from concerning.' Subscribe to Federal Reserve updates (Jin10)