Coin World News reports that Federal Reserve official Logan stated that interest rates may need to be raised later this year to bring inflation down to the 2% target level. She pointed out that the U.S. labor market is "roughly balanced," investments in artificial intelligence are booming, and the financial environment remains "accommodative." However, she added that current inflation trends do not seem to be retreating toward the Fed's 2% goal. Logan said these conditions indicate that the current monetary policy has not been restrictive to the economy, and she is increasingly concerned that, to fully restore price stability, rate hikes may be necessary.