Central Banks
Fed’s Logan Says More Rate Hikes Needed to Slow Hot Inflation
- Dallas Fed chief says FOMC must deliver on June policy signals
- Logan skeptical of consequences from rate-hike lag effects
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Federal Reserve Bank of Dallas President Lorie Logan said more interest-rate increases will likely be needed to spur meaningful disinflation and bring price-growth rates back to the central bank’s target.
“I remain very concerned about whether inflation will return to target in a sustainable and timely way,” Logan said Thursday in remarks delivered at the Central Bank Research Association’s annual meeting in New York. “I think more-restrictive monetary policy will be needed to achieve the Federal Open Market Committee’s goals of stable prices and maximum employment.”