Fed's Logan (2026 voter, hawk) says Fed needs at least two more 25bps rate hikes

Skipping a meeting does not change the policy destination. Adjusting policy gradually can reduce risks of sharp economic deterioration. Gradual policy adjustments helps households, businesses and investors adapt to higher rates End goal is to make policy modestly restrictive Making the policy rate destination clear helps the economy adapt and obtain the benefits of a skip It is unacceptable that inflation is not headed back to the Fed’s 2% target After 50bps of rate hikes, a pause would make sense to determine what further action is appropriate Financial conditions are providing a tailwind to the economy Higher market rates are a message that investors believe monetary policy has work to do Long-term rates have risen, but do not represent as much of a drag on the economy as might be expected Economic growth is strong and consumer spending is solid