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
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Sam Schulhofer-Wohl is a senior vice president and the senior advisor to President Lorie Logan of the Federal Reserve Bank of Dallas. Sam returns to the show to discuss recent macroeconomic conferences in the context of changes in the Treasury market and with central bank operating systems around the globe. Check out the for this week’s episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Check out our Macro Musings to David's new BTS YouTube Channel Timestamps...
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Andy Levin is an advisor to many central banks around the world and professor of economics at Dartmouth College. Andy returns to the show for a special bonus episode to discuss his pervious appearance and accompanying policy brief where he calls for an independent inspector general at the Federal Reserve. Check out the for this week’s episode, now with links. Recorded on June 10th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Join the new Macro Musings ! Join the Macro Musings Check out our Macro Musings to David's...
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George Selgin is a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute, as well as the author of the new book titled False Dawn: The New Deal and the Promise of Recovery, 1933-1947. George returns to the show to discuss the complicated economic history of the Great Depression, how that history has led us to the macro-events of 2008, 2010, and 2020, how we can apply lessons from the Great Depression to macroeconomic policy to the current moment, and much more. Check out the for this week’s episode, now with links. Recorded...
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Adam Ozimek is the Chief Economist at the Economic Innovation Group. Adam returns to the show to discuss the importance of reforming the high-skilled immigration process, the main bottlenecks with our current green card system, the glory days of economics blogging, how to revitalize the American heartland, Trump’s current trade war, and much more. Check out the for this week’s episode, now with links. Recorded on April 15th, 2025 Subscribe to David's Substack: Follow David Beckworth on X: Follow the show on X: Follow Adam on X: Check out our new AI chatbot: the ! Join the...
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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/