Dallas Fed Chief Logan Urges Two More Rate Hikes
Dallas Fed President Lorie Logan stated that the central bank needs to implement at least two more quarter-point rate increases to lower inflation. She noted that moving promptly this winter could prevent price pressures from becoming permanent in the economy.
Dallas Federal Reserve President Lorie Logan said Tuesday the United States central bank must deliver at least two more quarter-percentage-point rate hikes to curb inflation. The remarks signal a potential shift toward faster monetary tightening this winter. Logan warned that persistent price pressures risk becoming embedded in the broader economy without prompt action.
