Fed's Logan: Fed needs at least two more rate hikes of 25 bps each

November 10 – In her latest remarks, Fed's Logan said: "Excessively high inflation is unacceptable. The Fed may raise rates faster this winter than it has so far. It is clear the Fed needs at least two more rate hikes of 25 basis points each. After two more hikes, it would be reasonable to pause and assess further actions that may be needed. The Fed's policy rate is currently at least 50 basis points below a moderately restrictive level. Gradual policy adjustment can reduce the risk that economic activity deteriorates more than necessary. Wartime energy disruptions are not the only source of price pressures, and the sources of upward price pressure are not limited to tariffs, and this broad trend of rising prices may persist."