(Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Thursday said that while it
"could be appropriate" to skip an interest-rate increase at the U.S. central bank's upcoming meeting, more policy tightening will likely be needed to get inflation down to 2% in a timely way.
The Fed has raised its policy rate a total of 5.25 percent points since March 2022 in a battle against inflation that at its peak last year hit 7% by the Fed's preferred measure, the personal consumption expenditures price index. "Another skip could be appropriate when we meet later this month," Logan said, referring to the Fed's upcoming Sept. 19-20 meeting."But skipping does not imply stopping."
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