Federal Reserve Bank of New York executive Lorie Logan will become the new president of the Dallas Fed following a seven-month search. She will oversee the...
will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.on the Federal Open Market Committee that formulates U.S. monetary policy. The district covers Texas, northern Louisiana and southern New Mexico. Her start date is Aug. 22.
“Our committee conducted a nationwide search and identified a diverse pool of outstanding candidates from a variety of backgrounds and professions,” said Thomas Falk and Claudia Aguirre, co-chairs of the Dallas Fed search committee. “Lorie is a seasoned leader, who will bring a wealth of experience leading complex businesses and managing multi-functional teams.”
Logan, 49, is joining at a critical time as the Fed implements a series of interest rate hikes aimed at bringing inflation back to a 2% target. In“While I will never interfere with the Fed’s judgments or tell them what to do, I believe inflation is our top economic challenge right now and I think they do, too,” Biden said. “The Fed should do its job, and will do its job, with that in mind.”
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