Logan: risks to inflation are to the upside, 'solid' job market is strengthening a bit Fed's Logan notes monetary policy is not restraining

Logan: risks to inflation are to the upside, 'solid' job market is strengthening a bit Fed's Logan notes monetary policy is not restraining economy, inflation not on course to 2% goal - Without any policy restraint, inflation will likely continue to trend above target until there's an unanticipated shock - Would have Preferred quarter-point rate increase to better balance outlook and risks - Modest Fed action in the near term would reduce likelihood of needing sharper action later