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Lorie Logan, president of the Federal Reserve Bank of Dallas, called for at least two more U.S. interest-rate increases of 25 basis points each to address inflation’s continued rise above the Fed’s target. Although she supported holding rates steady at the latest meeting, she said the pause would allow officials to assess economic and financial developments and did not mean abandoning monetary tightening. She added that gradually raising rates helps households and businesses adjust and reduces the risk of a sharp slowdown.
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