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MNI BRIEF: Dallas Fed Picks Lorie Logan As New President

(MNI) WASHINGTON
(MNI)

The Federal Reserve Bank of Dallas on Wednesday picked Lorie Logan as its next president starting late August. Logan currently manages the Fed's System Open Market Account at the New York Fed, overseeing its USD9 trillion portfolio and implementation of monetary policy.

Logan is a native of Kentucky and graduated from Davidson College and Columbia University. She's been a leader on the markets desk at the New York Fed since 2012. She will begin her role as president on August 22, the Dallas Fed said.

Her predecessor Robert Kaplan resigned last October following a controversy around stock trades during the pandemic.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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