Fed needs at least two more rate hikes, Logan says

By Ann Saphir Oct 30 (Reuters) The Federal Reserve needs to raise rates at least two more times to get inflation under control, Dallas Fed President Lorie Logan said on Friday, in some of the most ​explicit rate guidance offered by a US central banker since Fed ‌Chairman Kevin Warsh took the helm in May. It remains clear to me, given the current outlook, that the FOMC needs to implement at least two more 25-basis-point rate increases, Logan said in remarks prepared for delivery to students at Davidson College, referring to the rate-setting Federal Open ‌Market ​Committee. After that, it would make sense in my view ⁠to pause and examine economic ⁠and financial developments to determine what further action may be appropriate. Logan joined the majority of the FOMC in a 10-2 vote this week to leave short-term US interest rates in their current 3.75%-4.00% range, even as it said ​the economy is strong and inflation too high. For Logan, among the more hawkish of Fed policymakers, the m