Fed Governor Lorie Logan Backs Immediate 25 Basis Point Rate Hike, Citing Inflation Off Track from 2% Target
US Federal Reserve Governor Lorie Logan stated her preference for an immediate 25 basis point rate hike, arguing that inflation is not on track to sustainably return to the Fed's 2% target. Logan emphasized that taking modest action now would reduce the risk of more aggressive tightening later, and stressed that the Fed cannot rely on unexpected shocks to achieve its inflation goal.
Source:X@DeItaone · Source Link
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