Dallas Fed Chief Urges Further Rate Hikes
Dallas Fed President Lorie Logan stated that borrowing costs must rise by another half point or more. She emphasized that further tightening is needed to restore price stability and lower inflation.
Dallas Fed President Lorie Logan said on Thursday that the United States central bank must raise short-term borrowing costs by at least another 50 bps to curb inflation. The remarks follow last month's quarter-point increase that brought the federal funds rate to a range of 3.75%-4.00%. Logan warned that inflation risks stalling above the Fed's 2% target without additional tightening.
