Fed's Logan calls for holding rates steady 'for a time'

Nov 21 (Reuters) - Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold "for a time" while the central bank assesses the degree of monetary policy restrictiveness.

In remarks prepared for delivery in Zurich, she repeated her view that the Fed's October interest-rate cut was not warranted with inflation too high and the labor market roughly balanced.

"In the absence of clear evidence that justifies further easing, holding rates steady for a time would allow the FOMC to better assess the degree of restriction from current policy," she said.