By Michael S. Derby

NEW YORK Federal Reserve Bank of Dallas President Lorie Logan said on Thursday recent data and market shifts give the central bank space to deliberate on its next monetary policy move.

"We have some time" before having to make the call whether to raise rates again or hold them steady, Logan said at a gathering of the Money Marketeers of New York University.

Logan noted that a desirable tightening in financial conditions gives officials some space to watch incoming data, as she noted progress in lowering inflation while still being unsure price pressures are ebbing to the 2% target.

(Reporting by Michael S. Derby; Editing by Sandra Maler)