The case for modernizing the FOMC’s operating target rate | NYGazet

The time has come for the FOMC to prepare to target a different short-term interest rate. A repo rate would provide a more robust target than the current fed funds target.

Dallas Fed President Lorie K. Logan delivered these remarks at the Federal Reserve Bank of Richmond CORE Week Workshop: The Fed’s Balance Sheet. Thank you for inviting me to participate in this important workshop. These in-depth discussions about how... [16274 chars]