Fed Policymaker Logan Advises Two More Rate Increases to Combat Inflation
- Reports
- 5
- Developments
- 1
- Repetition
- 80%
New informationRepeats or wire copies
What happened
Dallas Fed President Lorie Logan stated that the Federal Reserve needs to implement at least two more 25-basis-point rate increases to control inflation. Logan made these remarks while speaking to students at Davidson College. She added that after those increases, the Federal Open Market Committee should pause to examine economic and financial conditions.
From 933thedrive.com
Why it matters
Logan’s guidance suggests a hawkish stance, indicating that the target rate should be higher to restrict the economy and reach the Fed’s 2% inflation goal. This view contrasts with the recent 10-2 vote by the Federal Open Market Committee to keep short-term US interest rates in the current 3.75%-4.00% range.
From 933thedrive.com
Who's involved
- Federal Open Market CommitteeThe committee responsible for setting US monetary policy rates
- Davidson CollegeThe institution where the policymaker delivered her remarks
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- bankSpeculative
Banks could face higher lending costs and increased credit risk exposure due to higher rate expectations
- Australian dollarSpeculative
The Australian dollar might weaken against the US Dollar as US interest rate expectations rise
Keep exploring
The entities involved
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Federal Open Market Committee
committee of the United States Federal Reserve
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Andrea Ricci
volleyball player
Nothing else this week.
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Davidson College
American liberal arts college in Davidson, North Carolina, U.S.A.
Nothing else this week.