Dallas Fed chief says pace of QT may need to slow down
Lorie Logan argues US central bank should take more measured approach to normalising balance sheet
The Federal Reserve should consider slowing down efforts to normalise its balance sheet, Lorie Logan, president of the Federal Reserve Bank of Dallas has argued.
In a speech on March 1, Logan said it was important to reduce the balance sheet, which needed to expand during the pandemic. However, “proceeding more gradually may allow the Fed to eventually get to a smaller balance sheet by providing banks with more time to adjust”.
She was discussing a paper, Quantitative Tightening Around the Globe
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