Fed's Logan: Unacceptably high inflation, clearly the Fed needs at least two more rate hikes

BlockBeats news, November 10: Fed's Logan latest speech: "Excessive inflation is unacceptable. This winter the Fed may raise rates at a faster pace than to date. Clearly the Fed needs at least two more rate hikes of 25 basis points each. After two more hikes, it is reasonable to pause and assess further action that may be needed. Currently the Fed's policy rate is at least 50 basis points below a modestly restrictive level. Gradual policy adjustments can reduce the risk that economic activity deteriorates more than necessary. Wartime energy disruptions are not the only source of price pressure, and the sources of upward price pressure are not limited to tariffs, and this broad upward price trend may persist."