US FOMC Member Logan Speaks
Due to speak at the Assembly for Bank Directors hosted by Southern Methodist University, in Dallas. Audience questions expected;
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
FOMC voting member 2023;
- History
Expected Impact / Date | Description |
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Feb 6, 2025 | Due to participate in a panel discussion titled "Future challenges for monetary policy in the Americas" at the Bank for International Settlements Chapultepec Conference, in Mexico City; |
Nov 13, 2024 | Due to deliver opening remarks at the a joint energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City, in Dallas; |
Oct 21, 2024 | Due to participate in a moderated discussion at the Securities Industry and Financial Markets Association Annual Meeting, in New York; |
Oct 11, 2024 | Due to participate in a panel discussion at the Federal Home Loan Bank of Dallas Women in Financial Services Conference. Audience questions expected; |
Oct 9, 2024 | Due to participate in a moderated discussion titled "The Current State of the Economy" at the Greater Houston Partnership Future of Global Energy Conference; |
Sep 17, 2024 | Due to deliver pre-recorded opening remarks at the Eleventh District Banking Conference hosted by the Federal Reserve Bank of Dallas; |
Jul 24, 2024 | Due to deliver opening remarks at a community event hosted by the Federal Reserve Bank of Dallas; |
Jul 18, 2024 | Due to deliver opening remarks at a conference hosted by the Federal Reserve Bank of Dallas; |
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- US FOMC Member Logan Speaks News
- From dallasfed.org|Feb 6, 2025
Thank you, Frank [Smets], for the kind introduction. And thank you to the BIS for inviting me to participate on this distinguished panel. International dialogues like today’s generate so many valuable insights about how central banks can navigate the current environment. The theme of this panel is “future challenges for monetary policy in the Americas.” Where to begin? One challenge is simply to note all of the important challenges when I’ve been asked to keep my opening remarks to five minutes! I would like to highlight three topics in particular: the reconfiguration of global trade patterns and supply chains; the shift to a higher-interest-rate environment; and the need to keep inflation expectations well anchored after the surge in inflation following the pandemic. Let me note that these views are mine and not necessarily those of my Federal Open Market Committee (FOMC) colleagues. In recent years, companies worldwide began to reorganize their supply chains in response to disruptions experienced during the pandemic as well as geopolitical developments. Government policy changes in this space are ongoing, and the resulting changes in trade patterns could leave a substantial imprint on economic activity. For example, a Dallas Fed economist and a colleague at the Banco de México found in their research that tariffs on China drove growth at Mexican firms integrated into global supply networks. Central bankers will need to parse what these shifts mean for the inflation and employment outlooks and for capital flows. At the Dallas Fed, we recently launched our Global Institute to study these and other questions, and we look forward to generating insights that can advance the missions of the Federal Reserve and other central banks. Turning to my second point, following the Global Financial Crisis, many experts thought a core challenge of modern central banking was downside risk to inflation resulting from the proximity of interest rates to the effective lower bound. While a return to the lower bound remains one scenario to prepare for, the past few years show we must be equally well prepared to achieve our goals when rates are well above zero and inflation risks are to the upside. Related, and this brings me to my third point, central banks will need to ensure inflation expectations remain well anchored following the recent global inflation surge. High inflation has been costly for households and businesses. It would be surprising if this episode didn’t cause people to reevaluate how they expect inflati post: LOGAN STATES TRADE POLICY CHANGES COULD SIGNIFICANTLY AFFECT ECONOMY post: FED'S LOGAN: 2% INFLATION DOES NOT IMPLY RATE CUTS
- From dallasfed.org|Nov 13, 2024
Thank you, Kunal [Patel], for the kind introduction. And welcome, everyone, to the Dallas Fed. I am so excited to be here today, to welcome my colleague Jeff Schmid, president of the Kansas City Fed, back to Dallas, and to welcome all of you to the Dallas and Kansas City Feds’ ninth joint energy conference. Thank you, as well, to the dedicated teams from Dallas and Kansas City who have worked so hard to make this event possible and to all of today’s speakers for sharing your expertise with us. Both the Dallas and Kansas City banks have invested deeply in understanding the energy economy. Together, our districts empower the nation, contributing nearly 40 percent of the U.S. energy sector’s GDP. At the Dallas Fed, we’re committed to leading the energy conversation through our research at the intersection of energy and economics. That research includes academic publications, analysis, surveys and extensive engagement with industry leaders through our Energy Advisory Council, individual outreach and conferences like this one. post: FED'S LOGAN: THE FED IS NOT QUITE BACK TO PRICE STABILITY YET. post: FED'S LOGAN: IT IS DIFFICULT TO KNOW HOW MANY FED RATE CUTS MAY BE NEEDED, AND HOW SOON THEY MAY NEED TO HAPPEN. post:
FED'S LOGAN: MODELS SHOW THAT THE FED FUNDS RATE COULD BE VERY CLOSE TO THE NEUTRAL RATE. post: U.S. CENTRAL BANK 'MOST LIKELY' WILL NEED MORE INTEREST RATE CUTS, BUT SHOULD 'PROCEED CAUTIOUSLY,' DALLAS FED'S LOGAN SAYS
- From dallasfed.org|Oct 21, 2024
Thank you, Ken [Bentsen]. It’s great to be back at SIFMA. The last time I spoke at a SIFMA event, in April 2021, I was serving as manager of the Federal Reserve’s System Open Market Account. I discussed how the expansion of our balance sheet to support the economy amid the pandemic was influencing money market conditions and policy implementation. Today, I will return to the topics of money markets and the Fed’s balance sheet, but from a new perspective as a policymaker and in a very different economic environment. The economy Let me start by reviewing the economic situation. As always, these views are mine and not necessarily those of my colleagues on the Federal Open Market Committee (FOMC). The FOMC held the fed funds target range at the effective lower bound from March 2020 through March 2022 to support the economy during the pandemic, then raised the target range rapidly in 2022 and 2023 in response to surging inflation. Last month, with inflation and employment both in striking distance of the FOMC’s goals rather than seriously overheated, we decided to lower the target range. Less-restrictive policy will help avoid cooling the labor market by more than is necessary to bring inflation back to target in a sustainable and timely way. In thinking about the policy choices ahead, I continue to apply the same foundational considerations I’ve applied since I became president of the Dallas Fed two years ago. First and foremost, I’m committed to sustainably achieving both of the FOMC’s dual-mandate goals: maximum employment and stable prices. I’m also carefully considering how the risk environment affects our strategy. The appropriate policy strategy depends on whether the path ahead is clear or cloudy. And I continue to pay close attention to financial conditions and to the information I receive from the Dallas Fed’s surveys, from business and community contacts, and from market participants like you. Two takeaways stand out to me from the current economic and financial picture. First, the economy is strong and stable. But second, meaningful uncertainties remain in the outlook. Downside risks to the labor post:
FED’S LOGAN: I EXPECTS GRADUAL RATE CUTS IF THE ECONOMY MEETS FORECASTS. post: FED’S LOGAN: FED SHOULD TOLERATE SOME MONEY MARKET VOLATILITY post: FED’S LOGAN: THE FED COULD CHANGE THE REVERSE REPO RATE IF CASH DOESN’T LEAVE THE FACILITY. post: FED'S LOGAN: SELLING FED-OWNED MORTGAGE BONDS IS NOT A CURRENT ISSUE.
- From bnnbloomberg.ca|Oct 11, 2024
Federal Reserve Bank of Dallas President Lorie Logan stuck by her view that interest rates should move at a slow pace to a more normal level. While she described the economy as “strong and stable,” Logan also pointed to “meaningful” risks ahead. “It’s really important to look ahead as we chart this path toward neutral, and that we do so in a very gradual way to balance the risks that we have,” she said Friday at a conference hosted by the Federal Home Loan Bank of Dallas. Policymakers last month lowered rates by a larger-than-normal ...
- From @financialjuice|Oct 11, 2024
post: FED'S LOGAN: RECENT INFLATION DATA IS VERY WELCOME. post: FED'S LOGAN: LESS RESTRICTIVE POLICY WILL STILL COOL INFLATION. post: FED'S LOGAN: THE US ECONOMY REMAINS STRONG AND STABLE.
- From money.usnews.com|Oct 9, 2024
Dallas Federal Reserve Bank President Lorie Logan on Wednesday said she supported last month's outsized interest-rate cut but wants smaller reductions ahead, given "still real" upside risks to inflation and "meaningful uncertainties" over the economic outlook. "Following last month’s half-percentage-point cut in the fed funds rate, a more gradual path back to a normal policy stance will likely be appropriate from here to best balance the risks to our dual-mandate goals," Logan said in her first public remarks since the Fed reduced ...
- From dallasfed.org|Oct 9, 2024
Thank you for that kind introduction, Katie [Pryor], and thank you for the opportunity to be part of today’s program. I would like to start by recognizing the work of the Greater Houston Partnership. The partnership connects business and community leaders to address critical issues for the region’s economy. We at the Dallas Fed are grateful for our collaboration with the GHP. Several of our directors and advisory committee members, people we rely on for real-time insight on the economy, also serve as GHP board members or staff. It is ...
- From dallasfed.org|Sep 17, 2024
Thank you all for joining us today for the Eleventh District Banking Conference. I'm disappointed I can't be there in person with you, as I'm in Washington for a Federal Open Market Committee meeting. Nevertheless, I appreciate the opportunity to welcome you all to the Dallas Fed and to open today's conference. As always, the views I share are my own and not necessarily those of my Federal Reserve colleagues. Our banking supervision team collaborated with our partners at the Texas Department of Banking to develop this summit with ...
Released on Feb 6, 2025 |
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