Federal Reserve
Dallas Fed's Lorie Logan Proposes Landmark Rate Target Reform Amidst "Uncertain Timetable"
Dallas Federal Reserve President Lorie Logan has put forth a significant proposal to overhaul the Federal Reserve's operational framework for setting interest rates, advocating for a shift from the long-standing federal funds rate to the tri-party general collateral rate (TGCR) as the primary policy target. This initiative, formally