Lorie Logan on Monetary Policy Operations, the Fed’s New Standing Repo Facility, and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
Release Date: 01/10/2022
Macro Musings with David Beckworth
Tara Sinclair is a professor of economics and international affairs at George Washington University, where she also directs the George Washington Center for Economic Research. From 2022 to 2024, Tara also served as the Deputy Assistant Secretary for Macroeconomics in the Office of Economic Policy at the US Department of Treasury. Tara joins David on Macro Musings to talk about her time at Treasury, real-time economic analysis, the Fed framework review, and much more. Transcript for this week’s Tara’s Twitter: Tara’s Tara’s GWU David Beckworth’s Twitter: ...
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info_outlineLorie Logan is an executive vice president in the Markets Group of the Federal Reserve Bank of New York. In that role, she’s the manager of the System Open Market Account (SOMA), for the Federal Open Market Committee (FOMC), and she is also the head of the market operations, monitoring, and analysis. Lorie joins Macro Musings to talk about the operations side of monetary policy and her work at the New York Fed. Specifically, David and Lorie discuss the “dash for cash” during the March 2020 Treasury market crisis, the Fed’s new standing repo facility, the future of the central bank’s balance sheet, and more.
Transcript for the episode can be found here.
Lorie’s New York Fed profile: https://www.newyorkfed.org/aboutthefed/orgchart/logan
Lorie’s Fed in Print archive: https://fedinprint.org/search?facets[]=authors_literal_array:Logan%2C+Lorie
Related Links:
*Monetary Policy Implementation: Adapting to a New Environment* by Lorie Logan
https://www.newyorkfed.org/newsevents/speeches/2021/log211014
*Liquidity Shocks: Lessons Learned from the Global Financial Crisis and the Pandemic* by Lorie Logan
https://www.newyorkfed.org/newsevents/speeches/2021/log210811
*Recent Disruptions and Potential Reforms in the U.S. Treasury Market: A Staff Progress Report* by the Inter-Agency Working Group
https://home.treasury.gov/system/files/136/IAWG-Treasury-Report.pdf
*U.S. Treasury Markets: Steps Toward Increased Resilience* by the G30 Working Group on Treasury Market Liquidity
https://group30.org/publications/detail/4950
*Report of the Task Force on Financial Stability* by Glenn Hubbard et al.
https://www.brookings.edu/research/report-of-the-task-force-on-financial-stability/
David’s Twitter: @DavidBeckworth
David’s blog: http://macromarketmusings.blogspot.com/