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Logan: Ample reserves and the Friedman rule
Thank you for the kind introduction, Imène [Rahmouni-Rousseau]. It’s great to see so many old friends, and it’s a real honor to give a keynote address at this important conference. As a policymaker, I have the opportunity to speak on a wide range of topics, but money markets are where I grew up as a central banker. So it’s a particular pleasure to take a deep dive into the more technical aspects of monetary policy implementation and to do so from the perspective of a policymaker rather than a practitioner. Let me note that the views I express are mine and not necessarily those of my colleagues on the Federal ... (full story)
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FED'S LOGAN DOES NOT COMMENT ON US MONETARY POLICY, ECONOMIC OUTLOOK IN PREPARED REMARKS TO THE ECB CONFERENCE.
— Breaking Market News (@financialjuice) November 10, 2023
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FED'S LOGAN: THE CENTRAL BANKS MUST BE PREPARED TO RESPOND IF RESERVES UNEXPECTEDLY FALL TOO LOW, THE FED HAS SEVERAL TOOLS FOR THIS, INCLUDING SRF.
— Breaking Market News (@financialjuice) November 10, 2023
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FED'S LOGAN: OVERLY LARGE ASSET HOLDINGS MAY PUSH INFLATION ABOVE TARGET, COMPLICATE COMMUNICATION, CALIBRATION OF POLICY STANCE.
— Breaking Market News (@financialjuice) November 10, 2023
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FED'S LOGAN: IT'S IMPORTANT TO CONTINUE NORMALIZING FED'S BALANCE SHEET.
— Breaking Market News (@financialjuice) November 10, 2023