Dallas Fed chief says at least two more rate hikes are needed

Dallas Fed President Lorie Logan called for at least two more interest rate increases to bring down inflation in the United States.

She said the Fed may need to raise rates more quickly this winter, depending on economic and financial conditions.

Underlying consumer prices rose 0.3% in October, a pace that would mean inflation above 4% year over year if it continued; the Fed’s target is 2%.

The Fed raised rates in September but skipped an increase last month, a pause Logan supported to give households, businesses and markets more time to adjust.

Logan said price pressures are broadening beyond energy disruptions and tariffs, raising the risk that high inflation becomes part of everyday economic decisions.

The Fed’s next policy meeting is December 8-9, when it will consider its next steps.

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