Federal Reserve’s Logan warns inflation not on track for 2% target

Federal Reserve official Lorie Logan warns that inflation is not on track for the 2% target, suggesting persistent pressures may necessitate further rate hikes. These modestly higher interest rates could increase volatility in financial markets and place additional pressure on risk assets. Such monetary policy decisions may impact overall economic growth and market stability, as the Federal Reserve evaluates the necessity of higher rates to combat inflation and influence future financial stability.