Fed's Mester: Rate Hike Needed to Tackle Inflation

BlockBeats News, July 17th, Federal Reserve's Logan suggested that the Fed should raise interest rates to address the persistent inflation issue—her comments hint at a potential dissent later this month against keeping rates unchanged. Logan stated that the June inflation data released on Tuesday showed a moderation in price increases, but not enough to convince her that inflation has firmly returned to the Fed's 2% target path.

“The June CPI data does suggest that inflation may be on track to return to target levels, with the outlook becoming more optimistic,” Logan said. “However, this path remains quite fragile. I currently believe that a modest rate hike would help better balance the outlook with the risks.” (Xinhua)