Per Bloomberg, this from Lorie Logan, President of the Dallas Fed:
βOne might say that since all is fine for now, thereβs no need to act. But if transmission between fed funds and other money markets ever broke down, weβd need to quickly find a replacement target, β¦ and I donβt think making important decisions under time pressure is the best way to promote a strong economy and financial system.β
#economy #federalreserve #markets @DallasFed