AMPLE LIQUIDITY FOR A SAFE AND EFFICIENT BANKING SYSTEM
These are my views and not necessarily those of my FOMC colleagues.
I would have preferred to hold interest rates steady at this week's FOMC meeting.
Congress gave the FOMC a dual mandate: to pursue maximum employment and stable prices.
The following information was released by the Federal Reserve Bank of Dallas: Dallas Fed President Logan delivered these remarks at 'The Evolving Landscape of Bank Funding' conference at the Federal Reserve Bank of Dallas.
Thank you all for joining us again today. Yesterday's discussions were so enriching, and I'm excited to build on them this morning.
As you know, the Federal Open Market Committee (FOMC) reduced interest rates earlier this week and announced it would end the runoff of the Fed's asset holdings as of December.
In my remarks this morning, I'll discuss the stance of monetary policy. I'll then turn to the topic of this conference and describe how the Fed's balance sheet fosters a safe and efficient liquidity environment for the U.S.
Author's summary: Discussing monetary policy and liquidity.