Logan, a 2026 FOMC voter and Dallas Fed president, said the Fed should raise
rates by at least 50 bps and will likely need several additional hikes to offset
last autumn’s cuts. He warned inflation cannot reach the Fed’s 2% target without
higher rates and said policy should be kept modestly restrictive, though the
exact level is uncertain and may require further tightening. On the recent rise
in US Treasury yields, Logan said if moves reflect markets pricing a more
aggressive Fed, that does not substitute for policy action; if driven by a
higher term premium, the rise could slow growth and reduce the need for
additional tightening.
