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

Odaily Planet Daily News Federal Reserve's Logan stated that the Federal Reserve should raise interest rates to address persistently high inflation. June inflation data shows that price increases are slowing down, but it is not enough to convince her that inflation has returned to the Fed’s 2% target path. Logan stated that the June CPI data suggests inflation could potentially return to the target level, with a more optimistic outlook, but the path remains very fragile. She currently believes that a moderate increase in interest rates would help better balance the outlook and risks.