This post was originally published on this site
U.S. inflation has been hotter-than-expected in the first half of the year and the Federal Reserve needs to push interest rates higher to cool it down, Dallas Federal Reserve President Lorie Logan said Thursday.
“The continuing outlook for above-target inflation and stronger-than-expected labor market calls for more-restrictive monetary policy,” Logan said, in remarks to the annual meeting of the Central Bank Research Association in New York.
“I…
