Fed’s Logan: should not rule out another rate hike

Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recent decline in long-term bond yields from rekindling inflation. "If we don’t maintain sufficiently tight financial conditions, there is a risk that inflation will pick back up and reverse the progress we’ve made," Logan said in remarks prepared for delivery at an American Economic Association conference in San Antonio, Texas. "In light of the easing in financial conditions in recent months, we shouldn’t take the possibility of another rate increase off the table just yet."