Dallas Fed Chief Logan Pushes for Modest Rate Hike

Dallas Federal Reserve President Lorie Logan spoke out in favor of modest further interest rate increases, even as this week's inflation data came in better than expected. Logan argued that the improved figures are not sufficient evidence of a sustained disinflationary trend that would warrant easing monetary policy. She emphasized that upside risks to inflation have not disappeared and that the Fed must remain vigilant. Her comments came amid ongoing internal Fed debate about the future path of interest rates. Logan's hawkish stance runs counter to market hopes for a pause or even rate cuts in the coming months, adding uncertainty to the rate outlook.