She argued that skipping a hike at any single meeting would not change where policy ultimately needs to land.
Gradual path preferred
Logan said she favors adjusting rates gradually, a approach she said lowers the risk of a sharp economic downturn. She called it unacceptable that inflation is moving higher rather than lower. In her view, a pause would make sense only once the Fed has delivered a further 50 basis points of increases, giving policymakers room to assess the effects before deciding on any additional moves.
Growth is strong, she said, and consumer spending remains solid. The labor market, she added, is balanced, and perhaps tightening a little.
Financial conditions seen as supportive
Logan said financial conditions are currently providing a tailwind to the economy rather than acting as a brake on it. Long-term interest rates have risen, she noted, but not by enough to weigh meaningfully on activity. She did not see inflation returning to the Fed’s 2 percent target on its current path.
The federal funds rate stood at 3.88 percent as of 29 October 2026, by MacroHerald’s own measurement taken at 01:52 GMT on 31 October.
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Data: FRED — St. Louis Fed
