US Federal Reserve’s Logan: Interest rates should be raised to tackle inflation

BlockBeats reported that on July 17, Fed member Logan said the Federal Reserve should raise interest rates to address persistently high inflation—an indication that she may be preparing to oppose a decision to keep rates unchanged later this month. Logan said that the June inflation data released on Tuesday showed that price increases were slowing, but not enough for her to be confident that inflation has returned to the Federal Reserve’s 2% target path.

“June CPI data indeed suggests inflation could return to the target level, and the outlook is more optimistic,” Logan said, “but this path is still very fragile. My current view is that a modest increase in interest rates would help better balance the outlook and the risks.” (Jin10)