Undoubtedly, this jives with what I posted the other day: https://stacker.news/items/1360945

She's admitting that the only thing that matters collateral (treasuries... therefore THE treasury), math > rules. Fed discretion is being replaced a mechanical link to the Treasury market and that closes the IORB arb subsidy that props up foreign banks. 

They really might be aiming to phase out the Fed

Undisciplined

Reducing the Fed’s role in the financial system would be a step in the right direction.

 ditching the federal funds rate target as the Fed’s main policy tool. Her proposal would ensure that the Fed can continue to effectively implement monetary policy, but it fails to address one of the main flaws of the post-2008 monetary system.

Politics_And_Law

econ

> **Reducing the Fed’s role in the financial system would be a step in the right direction.**
>
> Dallas Fed President Lorie Logan [recently](https://www.dallasfed.org/news/speeches/logan/2025/lkl250925) [proposed](https://www.dallasfed.org/news/speeches/logan/2025/lkl251031) ditching the federal funds rate target as the Fed’s main policy tool. Her proposal would ensure that the Fed can continue to effectively implement monetary policy, but it fails to address one of the main flaws of the post-2008 monetary system.
>
> - The Fed’s Operating Target
> - A Fragile Link
> - A New Pebble?
> - From Pond to Pool
> - Conclusion
>
> **[...read more at thedailyeconomy.org](https://thedailyeconomy.org/article/dallas-fed-president-its-time-to-replace-the-feds-interest-rate-target/)**

~Politics_And_Law 