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Fed's Logan Calls for Rate Hikes to Combat High Inflation on July 17

2026-07-17 00:14:00

According to Jin10, on July 17, Federal Reserve official Beth Logan stated the Fed should raise interest rates to combat persistently high inflation. She noted that June inflation data, released Tuesday, shows price growth is moderating but remains insufficient to confirm that inflation has returned to the Fed's 2% target path. "The June CPI data does suggest inflation could potentially return to target with a more optimistic outlook," Logan said. "However, this path remains fragile, and I believe modest rate increases would help better balance the outlook against risks."

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