Fed Officials Say Long-Term Bond Rates May Cool Inflation

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Yesterday, two Federal Reserve officials made comments suggesting that the way to slow inflation would be to increase rates for long term bonds. Laurie Logan. She's a voting member on the Fed's rate setting committee. And president of the Fed Reserve Bank of Dallas suggested that long term interest rates remain high because of investors is about holding long term bonds. He said that higher long term bond rates could help slow inflation. Following those comments, Philip Jefferson, Vice Chair of the Federal Reserve Board said during a speech that he would quote remain cognizant about his high bond rates. Wall Street saw a small rally for the day. Following those comments.