Federal Reserve's Logan: The Fed Should Strengthen Interest Rate Control Mechanism

Dallas Fed President Logan stated that the Federal Reserve should consider strengthening mechanisms to more effectively prevent money market rates from surging during times of market stress. In a speech prepared for the Atlanta Fed's 2025 Financial Markets Conference, Logan once again called for encouraging more banks to use the discount window and centralizing the clearing of Standing Repo Facility (SRF) operations. Logan also pointed out that the Fed should focus on broader market rates rather than just the federal funds rate. "In my view, rate control is not just about keeping the federal funds rate within the target range," she said.