Fed's Logan: U.S. Treasury market operating well, Fed needs to strengthen support tools

On Nov. 13, Dallas Fed President Logan said Friday at the Dallas Fed Bank Funding Conference that despite experiencing several rounds of interest rate volatility, the U.S. Treasury market is operating “very well,” and banks have improved their ability to access emergency funds over the past three years. Nevertheless, the Federal Reserve should still take steps to strengthen its support tools in these two areas. “Especially in an economic environment where tightening policy appears necessary, I believe the prudent course for the FOMC is to strengthen its tools supporting market operations without providing unnecessary economic stimulus,” Logan said. (Jin10)