According to CoinMeta, Federal Reserve official Logan has recently expressed the view that at least a few more interest rate hikes are needed to offset the rate cuts from last fall. He emphasized that restoring price stability is essential, but it is still uncertain how high policy rates need to be raised in order to bring inflation back to 2%. Additionally, Logan pointed out that rising Treasury yields may reflect a higher term premium, thereby reducing the necessity for tightening monetary policy. He will monitor the development of bond yields and assess their impact; rising long-term yields indicate that market participants expect interest rates to rise.