Fed's Powell: Fed Should Enhance Interest Rate Control Mechanism

BlockBeats News, May 20th, Dallas Fed President Logan stated that the Fed should consider enhancing mechanisms to more effectively prevent spikes in money market rates when market stress occurs.

In a speech prepared for the Atlanta Fed's 2025 Financial Markets Conference, Logan once again called for more banks to utilize the discount window and focused on clearing Standing Repo Facility (SRF) operations.

Logan also pointed out that the Fed should focus on broader market rates, not just the federal funds rate. "In my view, rate control is not just about keeping the federal funds rate within the target range," she said. (FXStreet)