"I currently believe that somewhat higher interest rates would better balance the outlook and risks," she said in a prepared speech, CNBC reports.
This week saw unexpectedly mild inflation figures. But Logan points out that US inflation has already been above the Fed's 2 percent target for five years.
“Each month of above-target inflation has increased the strain on Americans’ household budgets.”
She is one of 12 voting members of the Fed's Monetary Policy Committee (FOMC), which decides on interest rates. Several senior Fed officials have previously said that a hike could be coming.
The market has now priced in a 10.2 percent probability of a 0.25 percentage point hike to a range of 3.75-4.00 percent, according to research firm CME Fedwatch.
