Dallas Federal Reserve President Lorie Logan called for a modest increase in interest rates on Wednesday, arguing that price pressures remain a stubborn burden for American households and have now exceeded the central bank's 2% goal for more than five consecutive years.
Logan, currently a voting member of the Federal Open Market Committee, pointed to core PCE inflation at 3.4%, noting it has climbed since December. She described her rate-rise proposal as the most concrete among Federal Reserve officials in recent weeks. The labor market has shown resilience, with employers adding an average of 92,000 jobs per month during the first half of 2026 and the unemployment rate holding at 4.3% over the same period, while consumer prices eased from 4.2% in May to 3.5% in June.
The FOMC convenes next on July 28–29 in Washington to decide its next policy move.