Dallas Fed President Logan Calls for At Least Two More Rate Hikes, Other Officials Agree on Gradual Increases

Dallas Federal Reserve President Lorie Logan stated on Friday that "at least two more quarter-point rate hikes" are necessary, emphasizing that skipping an increase does not alter the policy destination. St. Louis Fed President Alberto Musalem and Richmond Fed President Thomas Barkin echoed this sentiment, advocating for further rate increases soon while favoring a gradual approach to adjustments to mitigate the risk of a sharp economic deterioration.