Fed's Logan calls for '50 bps or more' in rate hikes ↧ ↧ Fed's Logan calls for '50 bps or more' in rate hikes The US central bank will need to raise short-term borrowing costs by at least another half of a percentage point to turn monetary policy "modestly restrictive" and get inflation back on track to ​the Federal Reserve's 2% goal, Dallas Fed President Lorie Logan said on Thursday.