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2026-07-17 01:24:11
[Fed's Logan: Rates Should Be Raised to Combat Inflation] Federal Reserve Chairwoman Logan stated that the Fed should raise interest rates to address high inflation—a comment suggesting she may be prepared to oppose the decision to keep rates unchanged later this month. Logan said that Tuesday's June inflation data indicated a slowdown in price increases, but not enough to convince her that inflation has returned to the Fed's 2% target path. "The June CPI data does suggest that inflation could potentially return to the target level, and the outlook is more optimistic," Logan said. "But this path remains very fragile. I currently believe that a moderate increase in interest rates would help better balance the outlook and risks."
