Dallas Federal Reserve Bank President Lorie Logan on Thursday signaled she was ready to keep interest rates on hold for "quite some time" even if inflation drops closer to the Fed's 2% goal, as long as the labor market does not falter.

Even inflation falling close to 2% in the coming months might not necessarily allow the Fed to cut rates soon, Logan said.

Federal Reserve Bank of Dallas President Lorie Logan said interest rates may already be near a neutral level, potentially obviating the need for further cuts even if inflation continues to cool.