Dallas Fed President Logan Calls for Modestly Higher Rates to Combat Persistent Inflation on July 16

Dallas Federal Reserve President Lorie Logan on July 16 expressed support for modestly higher interest rates to better align with the Federal Open Market Committee's dual mandate of maximum employment and price stability. Logan, speaking at an event in Houston, stated that high inflation has persisted too long and does not appear to be on a clear path back to the 2% target, with inflation risks tilted to the upside. She emphasized that current monetary policy is not restraining the economy and argued for modest tightening now rather than stronger action later, citing historical lessons that central banks face worse outcomes when they tolerate persistent inflation to maintain low unemployment. Logan holds voting rights at the FOMC and will participate in the policy committee's meeting scheduled for a week and a half later.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments