Federal Reserve Bank of Dallas President Lorie Logan. Earlier comments here:
More now:
- Not thinking about when Fed might cut rates
- Central bank market
support interventions should be rare, transparent - Fed has taken
important steps to provide market liquidity backstops - Anecdotal
information is important for policy making - Persistent rise in
bond yields could mitigate need for Fed rate hikes - Tighter financial
conditions desired, will slow economy - NY Fed has extensive
dashboard to monitor money markets - Reverse repo
facility running down very smoothly - Quite uncertain what
right level of reserves is for banks - Need to get fed
reverse repo facility close to zero - Unsure how fast reverse repo facility will shrink
- sees quite a bit of time left for balance sheet runoff
Bolding above is mine.
Fed’s Logan