Nick Timiraos(@NickTimiraos):The three Fed presidents who dissented in favor of a rate hike have arguably provided more of a rationale for their decision than the majority of the FOMC did in its statement on Wednesday or via the press conference. Here's Dallas Fed President Lorie Logan, essentially restating her view of two weeks ago, that underlying inflation is running closer to 2.5% even after abstracting past recent shocks, which she says justifies a tighter policy stance

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

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Nick Timiraos@NickTimiraos

2026.07.31 14:44

The three Fed presidents who dissented in favor of a rate hike have arguably provided more of a rationale for their decision than the majority of the FOMC did in its statement on Wednesday or via the press conference. Here's Dallas Fed President Lorie Logan, essentially restating her view of two weeks ago, that underlying inflation is running closer to 2.5% even after abstracting past recent shocks, which she says justifies a tighter policy stance