Dallas Federal Reserve Bank President Lori Logan said that the Federal Reserve must continue to raise interest rates to completely curb inflation. Logan suggested that rising US bond yields would also help slow the economy. She pointed out that higher term premiums can cool the economy, thereby reducing the need for monetary policy tightening. Logan estimates that the federal funds rate target range still needs to be raised by at least 50 basis points to properly balance the economic prospects and risks corresponding to the Federal Reserve's dual mission goals.

Dallas Federal Reserve Bank President Lori Logan said that the Federal Reserve must continue to raise interest rates to completely curb inflation. Logan suggested that rising US bond yields would also help slow the economy. She pointed out that higher term premiums can cool the economy, thereby reducing the need for monetary policy tightening. Logan estimates that the federal funds rate target range still needs to be raised by at least 50 basis points to properly balance the economic prospects and risks corresponding to the Federal Reserve's dual mission goals.