Federal Reserve Logan: 25 basis points for interest rate increases

On 31 July, Federal Reserve Board member Logan expressed his preference for a 25-base point increase, arguing that inflation was not yet on track for a sustainable return to the Fed ' s 2 per cent target. Logan stated that modest action now would reduce the risk of more radical austerity in the future, while stressing that the Fed could not expect unexpected shocks to meet its inflation targets。