Lorie Logan, president of the Federal Reserve Bank of Dallas, suggested that the Fed should reconsider how it approached increasing interest rates to avoid triggering .

Moderating a May 16 panel discussion at a conference held by the Atlanta Fed, Logan noted that global central banks, in their quest to tame inflation, had over the past two years "raised interest rates at the fastest pace since the 1980s."

"And we've seen repeated financial stresses, including … the recent stresses in some U.S. banks," she added.

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