More from Fed's Logan: Tighter financial conditions desired, will slow the economy

<p>Federal Reserve Bank of Dallas President Lorie Logan. Earlier comments here:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-logan-says-is-not-yet-convinced-we-are-moving-to-2-inflation-20231019/" target="_blank" rel="follow" data-article-link="true">Fed's Logan says is not yet convinced we are moving to 2% inflation</a></li></ul><p>More now:</p><ul><li>
Not thinking about when Fed might cut rates</li><li>Central bank market
support interventions should be rare, transparent</li><li>Fed has taken
important steps to provide market liquidity backstops</li><li>Anecdotal
information is important for policy making</li><li>Persistent rise in
bond yields could mitigate need for Fed rate hikes</li><li>Tighter financial
conditions desired, will slow economy</li><li>NY Fed has extensive
dashboard to monitor money markets</li><li>Reverse repo
facility running down very smoothly</li><li>Quite uncertain what
right level of reserves is for banks</li><li>Need to get fed
reverse repo facility close to zero</li><li>Unsure how fast reverse repo facility will shrink</li><li>sees quite a bit of time left for balance sheet runoff</li></ul><p>

Bolding above is mine. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.