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Lori Logan, the President of the Dallas Federal Reserve Bank, emphasized the need to raise interest rates modestly to combat ongoing inflation that has persisted for five years, despite recent declines in price indicators in the United States. The Consumer Price Index increased by 3.5% annually, remaining above the target goal of 2%. She called for further monetary tightening if inflation does not move toward the desired level, with the possibility of raising interest rates at the July or October meetings, aiming to restore price stability and reduce pressures on American households' finances.
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