Federal Reserve Bank of Dallas President Lorie Logan said Friday the U.S. government bond market remains vulnerable to significant shocks and that government authorities must push forward on creating a more formal system to help the market in times of trouble.
Logan, who holds a vote on this year’s Federal Open Market Committee monetary policy meetings, did not comment on the outlook for monetary policy and the economy in her prepared remarks.
Those anxieties have been heightened by the aggressive pace of Fed rate rises done to counter very high levels of inflation. Those increases coupled with the Fed’s ongoing efforts to shed bonds to reduce its market footprint, have raised questions about what authorities might do to support markets in the future.from the New York Fed said the official sector needs to move toward finding a more formalized approach to providing support.
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