Dallas Fed President Advocates for Modernizing FOMC's Rate Policy
TL;DR Summary
Federal Reserve Bank of Dallas President Lorie Logan advocates for modernizing the FOMC's operating target rate from the fed funds rate to a repo rate, citing changes in financial markets, the fragility of the current system, and the need for a more robust and transparent target to improve monetary policy effectiveness.
- The case for modernizing the FOMC’s operating target rate Federal Reserve Bank of Dallas
- Dallas Fed President Says Central Bank Should Consider Replacing Its Benchmark Rate Bloomberg.com
- Fed's Logan calls for overhaul of central bank rate control toolkit Yahoo Finance
- Logan: The case for modernizing the FOMC’s operating target rate Forex Factory
- Dallas Fed President Calls for Rate Overhaul Sharecafe
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