Logan Pushes for Rate Hike to Tame Inflation | Business and Finance News

Dallas Fed President Lorie Logan is urging a modest interest rate hike, arguing that inflation remains stubbornly above the Fed’s 2% target and current policies aren’t doing enough to cool it. She projects inflation settling in the mid-2% range, not back to target, citing persistent core inflation at 3.4% and no meaningful decline in housing services. One month of price relief isn’t enough to declare victory, she insists. With the job market strong and unemployment low, she sees little reason to delay tightening policy. She also warns of inflation risks from global conflicts and AI-driven demand, positioning herself in contrast to New York Fed’s John Williams, who believes inflation has peaked. Meanwhile, Cleveland and Minneapolis Fed leaders are also leaning toward a rate hike by year-end, citing AI as a potential inflationary force. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/73da70853ad0b61b