Fed's Lael Brainard: Inclined to Hike Rates by 25 Basis Points

July 31st, Federal Reserve Governor Logan indicated a preference for a 25 basis point rate hike, believing that inflation has not yet transitioned to a sustainable path back to the Fed's 2% target.

Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation goal.