Fed's Logan Backs Immediate Rate Hike
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Fed Governor Lorie Logan expressed her preference for a 25 basis point (bp) rate hike, stating that inflation risks remain tilted to the upside and the solid job market is strengthening. She argued that taking modest action now would reduce the risk of more aggressive tightening later, as monetary policy is not restraining the economy and inflation is not on course to return to the 2% target.
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