Logan Says Fed May Need Rate Hike to Reach Inflation Goal
Dallas Fed President Lorie Logan says robust growth and inflation may require a rate hike this year. She noted that AI investment and spending remain strong.
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Dallas Fed President Lorie Logan said Wednesday that the central bank may need to raise interest rates this year to reach its 2% inflation target. Logan was one of three policymakers who dissented at the last meeting, favoring a signal for potential hikes. Her hawkish stance challenges market expectations for cuts as Kevin Warsh prepares to chair his first policy meeting.
