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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Jan 10, 2022

Lorie Logan is an executive vice president in the Markets Group of the Federal Reserve Bank of New York. In that role, she’s the manager of the System Open Market Account (SOMA), for the Federal Open Market Committee (FOMC), and she is also the head of the market operations, monitoring, and analysis. Lorie joins Macro Musings to talk about the operations side of monetary policy and her work at the New York Fed. Specifically, David and Lorie discuss the “dash for cash” during the March 2020 Treasury market crisis, the Fed’s new standing repo facility, the future of the central bank’s balance sheet, and more.


Transcript for the episode can be found here.


Lorie’s New York Fed profile:

Lorie’s Fed in Print archive:[]=authors_literal_array:Logan%2C+Lorie


Related Links:


*Monetary Policy Implementation: Adapting to a New Environment* by Lorie Logan


*Liquidity Shocks: Lessons Learned from the Global Financial Crisis and the Pandemic* by Lorie Logan


*Recent Disruptions and Potential Reforms in the U.S. Treasury Market: A Staff Progress Report* by the Inter-Agency Working Group


*U.S. Treasury Markets: Steps Toward Increased Resilience* by the G30 Working Group on Treasury Market Liquidity


*Report of the Task Force on Financial Stability* by Glenn Hubbard et al.


David’s Twitter: @DavidBeckworth

David’s blog: