Dallas Fed President Logan calls for modestly higher interest rates

17 July 2026 · Source balance: Centre

Dallas Federal Reserve President Lorie Logan called Thursday for modest interest rate increases to help bring inflation back to the Federal Reserve's 2 percent target. Consumer prices rose 3.5 percent year-over-year in June, while wholesale costs increased 5.5 percent. Inflation has remained above the Fed's target since early 2021. Logan, a voting member on the rate-setting committee, argues that while recent inflation data improved, one month of relief is not enough. She warns that delaying action now could require sharper rate hikes later with greater economic cost. Other Fed officials, including New York's John Williams, disagree, saying inflation has peaked and rates should stay steady. The Federal Reserve's next meeting is July 28 to 29.