Logan Named President of Dallas Fed

Lorie Logan has been appointed president and CEO of the Federal Reserve Bank of Dallas and will take up the role on August 22, 2022.

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Logan is currently manager of the System Open Market Account (SOMA) for the FOMC, where she oversees the System’s $9 trillion securities portfolio and leads the implementation of monetary policy as directed by the FOMC. She also serves as executive vice president of the Federal Reserve Bank of New York, where she has led market operations, monitoring and analysis since 2012. In that role, she oversees policy implementation, provision of fiscal agent services to the US Treasury Department in support of debt issuance and the Fed’s FX operations, as well as analysis of global financial market developments and production of the New York Fed’s reference rates, including the new Secured Overnight Financing Rate (SOFR).

Logan also represents the Federal Reserve on the Markets Committee at the Bank for International Settlements and oversees several public-private sector committees that are sponsored by the New York Fed to engage with market participants on key issues and advance financial industry best practices.

“Lorie is a trusted colleague and dedicated public servant whose remarkable skill and experience with complex financial markets has informed our decisions and helped implement monetary policy to support the US economy,” says Jerome Powell, chair of the Federal Reserve System board governors. “I look forward to working with her in this new role leading the Federal Reserve Bank of Dallas, where we will continue to benefit from her analytical rigor, keen insights and good judgment.”

Logan adds, “Throughout my career, I have been driven by a commitment to public service. I believe strongly in the Federal Reserve’s mission and in the critical role it plays in promoting a healthy economy that truly works for everyone.

“I look forward to engaging with business and community leaders across the Eleventh District and representing all of the hard-working people of the district at the FOMC. I am excited about moving to Texas and becoming involved in the community.”

The New York Fed says it will launch a search for Logan’s replacement as SOMA manager and that upon her departure, deputy SOMA manager Patricia Zobel will assume the role on a temporary basis.