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2026-10-31 01:38:31
Dallas Federal Reserve President Lori Logan reiterated her assessment that the Fed still needs to raise interest rates twice more. "Holding back rates at one meeting does not change the ultimate target of monetary policy. In fact, by clearly communicating the ultimate policy objective to the market, the Federal Open Market Committee (FOMC) can more effectively help the economy adjust and truly realize the positive effects of holding back rates at a single meeting." "Currently, financial markets are volatile in response to news regarding the prospects for investment in the technology sector and changes in the geopolitical situation. In this context, adjusting policy at a more gradual pace can help households, businesses, and market participants gradually adapt to higher interest rates and reduce the risk of a sharp decline in economic activity beyond what is necessary. Furthermore, as long as market participants clearly understand the FOMC's policy plans, the specific timing of a single rate hike will not have a significant impact on the long-term interest rates that most borrowers bear."
