Federal Reserve Logan: Moderate action in the near future will reduce the possibility that stronger action will be needed in the future. There is a tendency to raise interest rates by 25 basis points. Without any policy constraints, inflation is likely to remain above target until an unexpected shock occurs.

Federal Reserve Logan: Moderate action in the near future will reduce the possibility that stronger action will be needed in the future. There is a tendency to raise interest rates by 25 basis points. Without any policy constraints, inflation is likely to remain above target until an unexpected shock occurs.