Logan says Treasury market functioning 'very well,' Fed needs to strengthen support tools
TLT•Dallas Fed President Lorie Logan said the U.S. Treasury market is functioning “very well” despite bouts of interest-rate volatility, but said the Federal Reserve should strengthen tools to support market functioning and bank funding.
1. Logan on market support
Logan said the Federal Open Market Committee should strengthen its tools for supporting market functioning without providing unnecessary economic stimulus, particularly when tighter policy appears necessary. She also said banks have improved their access to contingent funding over the last three years.
