The Fed's Hawkish Shift: Logan's Call for Higher Rates Dallas Federal Reserve President Lorie Logan has inserted herself into the heated debate over interest rates, calling for a modest increase in borrowing costs to combat inflation.
Her remarks, made at a speech in Houston this week, signal a hawkish shift within the Federal Open Market Committee (FOMC) and raise questions about the central bank's ability to meet its dual mandate goals.
Logan argues that one month of relief from above target inflation is not enough. Despite recent declines in consumer prices, which dropped 0.