Federal Reserve's Logan: Interest rates should be raised to combat inflation

Odaily News: Federal Reserve's Logan stated that the Fed should raise interest rates to address persistently high inflation. The June inflation data shows a slowdown in price increases, but it is not enough to convince her that inflation is back on the Fed’s 2% target path. Logan noted that the June CPI data suggests inflation could return to the target level, painting a more optimistic outlook, but this path remains very fragile. She currently believes that a moderate rate hike would help better balance the outlook and risks.