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International Business Times
International Business Times
Business

Inflation Fell More Than Expected In June, But a Fed Member Said Interest Rates Should Be 'Modestly' Higher

Inflation Interest Rates Lorie Logan John Williams US Federal Reserve the Federal Reserve
Dallas Federal Reserve President Lorie Logan said interest rates should be "modestly" higher to help inflation return to the 2% goal. (Credit: AFP)

Dallas Federal Reserve President Lorie Logan said interest rates should be "modestly" higher to help inflation return to the 2% goal.

Logan, who is a voting member in the Federal Open Market Committee this year, said inflation is still an issue for U.S. households and policymakers must act accordingly.

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