Federal Reserve's Logan: The Fed needs to raise rates at least two more times, by 25 basis points each

Odaily: In her latest remarks, Federal Reserve's Logan said: "Excess inflation is unacceptable. This winter, the Fed may raise rates faster than it has so far. It is clear that the Fed needs to raise rates at least two more times, by 25 basis points each. After two more hikes, it would be reasonable to pause and assess further actions that may be needed. The current Fed policy rate is at least 50 basis points below the level of modest restriction. Gradually adjusting policy can reduce the risk that economic activity deteriorates more than necessary. Wartime energy disruptions are not the only source of price pressure, and the sources of upward price pressure are not limited to tariffs, and this broad upward price trend may persist." (Jinshi)