Dallas Fed President Logan Advocates for At Least Two More Rate Hikes

Dallas Federal Reserve President Lorie Logan stated that the Federal Open Market Committee (FOMC) needs to implement at least two more 25-basis-point rate increases to bring inflation under control. Logan, a hawkish voice among Fed policymakers, emphasized that while the Fed skipped a rate hike this week, the monetary policy destination remains unchanged. She added that a more gradual adjustment of policy can help households, businesses, and market participants adapt to higher rates and mitigate the risk of a sharper economic downturn than necessary.