As Federal Reserve officials debate what to do with their massive asset portfolio this year, the place investors are looking to for guidance is about 1,400 miles southwest of Wall Street.
Lorie Logan became president of the Dallas Fed in August 2022 after more than two decades at the New York Fed, where she rose from an entry-level analyst to become one of its most senior officials, managing the central bank’s balance sheet. In that role, she helped oversee the Fed’s last effort to pare its portfolio, which in 2019 culminated in market turmoil that investors and policymakers are anxious ...
