over the past few days remarks by federal reserve officials have highlighted the ongoing debate over how much more the central bank needs to do to fight inflation on thursday dallas federal reserve bank president laurie logan said the data don’t yet support a pause but that she’s keeping an open mind “after raising the target range of the federalfunds rate at each of the last 10 federal open market committee meetings we have made some progress the data in coming weeks could yet show that it is appropriate to skip a meeting” logan said in remarks prepared for delivery to the texas bankers association this morning “i remain concerned about whether inflation is falling fast enough” she added speaking separately fed gov philip jefferson did not tip his hand beyond noting that there would be a lot of economic data to review before the fed interestrate committee’s next meeting june 1314 he noted that “the level of uncertainty is high” on the one hand inflation remains “too high” and by some measures progress on bringing it down has been slowing jefferson said this morning in remarks to the national association of insurance commissioners on the other hand the us economy has slowed considerably this year “history shows that monetary policy works with long and variable lags and that a year is not a long enough period for demand to feel the full effect of higher interest rates” jefferson said jefferson said his base case is that the us economy can avoid a recession but that gross domestic product growth will “remain quite slow” there are also downside risks from a pullback in bank lending stocks djia spx opened lower on thursday while the yield on the 10year treasury note tmubmusd10y rose to 362 after logan’s remarks were released