Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed's 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response.

Inflation is rising at its fastest rate in over a year and a half, causing experts to predict that the Federal Reserve will keep rates steady at next month's Federal Open Market Committee meeting. New data released from the U.

The Feb. 12th CPI report exceeded expectations, causing market turbulence, confirming warnings about rising inflation trends. Click for more on the U.S. economy.