Fed’s Logan: FOMC Should Raise Rates; Policy Stance Has Been Offside
Calls For At Least 50bps Of Further Tightening To Bring Inflation Back To Target Range - Inflation Is Falling But Not On Track To Reach 2% - Labour Market Balanced As Economic Growth Strengthens
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11:20:12 PM UTC
SquawkNews
By Ann SaphirThe US central bank will need to raise short-term borrowing costs by at least another half of a percentage point to turn monetary policy "modestly restrictive" and get inflation back on track to the Federal Reserve's 2% goal, Dallas Fed President Lorie Logan said on Thursday.The Fed's…
Calls For At Least 50bps Of Further Tightening To Bring Inflation Back To Target Range - Inflation Is Falling But Not On Track To Reach 2% - Labour Market Balanced As Economic Growth Strengthens