GK and monthly revision

Fed's Logan calls for 'modestly higher' interest rates

Dallas Fed President Lorie Logan has expressed support for a 'modestly higher' interest rate policy, emphasizing that current rates are insufficient to combat persistent inflation, which remains above target levels. She highlighted potential risks stemming from robust consumer demand, investments in artificial intelligence, and geopolitical tensions in the Middle East. This statement indicates a divergence of views within the Federal Reserve as it approaches its July meeting, underscoring the importance of monetary policy in economic stability.