Federal Reserve official Logan said the current policy stance has remained off track and that the Federal Open Market Committee should raise interest rates, with a target of at least 50 basis points, according to ChainCatcher. She also said inflation would not return to the Federal Reserve's 2% target without higher rates. The remarks point to support for a more forceful tightening move and tie the rate outlook directly to the central bank's inflation objective. No additional timing, vote details, or policy meeting context were provided in the source text.
Federal Reserve official Logan said the policy stance has remained off track and that the Federal Open Market Committee should raise interest rates by at least 50 basis points, according to ChainCatcher.
She said inflation would not reach the Federal Reserve's 2% target without higher rates.
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