Fed's Logan: At least two rate hikes, each by 25 basis points

Fed's Logan stated that excessive inflation is unacceptable and expects to accelerate the pace of rate hikes this winter. Logan pointed out that the Fed needs to raise rates at least two more times, each by 25 basis points. After the rate hikes, there will be a pause to assess the necessity of further actions. Currently, the Fed's policy rate is 50 basis points below a moderately restrictive level. Gradual adjustments to policy help reduce the risk of worsening economic activity. The pressure for rising prices comes from a wide range of sources; wartime energy disruptions are not the only factor, and tariffs are not the sole reason, indicating that the trend of rising prices may persist.

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