Federal Reserve official Logan said the U.S. central bank should raise interest rates to address still-elevated inflation, according to a report cited by Jinshi. Her remarks also suggested she may be prepared to oppose a decision to leave rates unchanged later this month. Logan said June inflation data showed price increases were easing, but not enough to convince her that inflation was back on a path toward the Fed’s 2% target. She added that a modest rate increase would help better balance the outlook and the risks. The comments point to a firmer policy stance at a time when inflation data has shown some cooling, though in her view the progress has not yet been sufficient.
Federal Reserve official Logan said the Fed should raise interest rates to deal with still-elevated inflation, according to a report cited by Jinshi.
Her remarks suggested she may be ready to oppose a decision to keep rates unchanged later this month.
Logan said June inflation data showed that price increases were slowing, but not enough to convince her that inflation had returned to a path consistent with the Federal Reserve’s 2% target. She also said a modest rate increase would help better balance the outlook and the risks.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
