Lorie Logan, Interview: by the Dallas Fed

“Well, the manager of the Federal Reserves System Open Market Account is responsible for managing the federal reserves balance sheet, which today stands at over $8 trillion. On a day to day basis, that means I was responsible for the implementation of monetary policy and leading teams to implement the directives from the committee so that the committee could meet its desired policy stance. And I was also responsible for leading teams who were the eyes and ears of financial markets for policy makers. So, I’ve spent many years attending FOMC meetings and briefing the committee about developments in the financial sector, about policy implementation, and advising them on key policy implementation issues that they were focused on.”

Regarding the Jackson Hole Conference: “When I get back to sort of the theme and what I took away from the conference this year, I think that theme was very clear. It was about inflation. And I think hearing from central bankers and academics around the world, the clear priority was bringing inflation down because it’s having significant implications and hardships for businesses and households around the world. And that really lines up with my own priority, being president in the Dallas Fed and as a policy maker. Our number one priority has to be to restore price stability.”