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Fed Won't Stop Hiking Rates Yet
2 Oct
Summary
- Federal Reserve Bank of Dallas President Lorie Logan advocates for continued interest rate hikes.
- Logan believes higher Treasury yields could also contribute to slowing the economy.
- An additional 50 basis point increase in the target range is estimated to be necessary.
Federal Reserve Bank of Dallas President Lorie Logan stated that the central bank needs to continue raising interest rates to fully bring inflation under control. She believes that increasing Treasury yields could also contribute to a slowdown in the economy.
Logan estimates that the target range for interest rates needs to rise by an additional 50 basis points. This continued monetary tightening is seen as essential for the Federal Reserve to achieve its objective of price stability.
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