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

Odaily Planet Daily News: Federal Reserve's Logan stated that the Fed should raise interest rates to address persistently high inflation. The June inflation data showed a moderation in price increases, but it is not enough to convince her that inflation has returned to the Fed's 2% target path. Logan noted that the June CPI data suggests inflation is on track to potentially return to the target level, offering a more optimistic outlook, but the path remains fragile. She currently believes a modest rate hike would help better balance the outlook and risks.