Lorie K. Logan
Lorie K. Logan is an executive vice president in the Markets Group of the Federal Reserve Bank of New York, manager of the System Open Market Account (SOMA) for the Federal Open Market Committee (FOMC), and head of Market Operations, Monitoring, and Analysis (MOMA). Ms. Logan’s responsibilities include the execution of monetary policy at the direction of the FOMC, provision of fiscal agent services to the U.S. Treasury Department in support of debt issuance and foreign exchange operations, analysis of global financial market developments, and production of reference rates, including the Secured Overnight Financing Rate (SOFR). Ms. Logan is also the senior New York Fed representative on several public-private committees advancing industry best practices, including the Treasury Market Practices Group (TMPG), the Alternative Reference Rates Committee (ARRC), and the Foreign Exchange Committee (FXC).
Ms. Logan played a prominent role in the development and implementation of the Federal Reserve’s crisis-era policies, including the expansion of the Federal Reserve’s balance sheet and the creation of liquidity facilities to mitigate systemic risks to the financial system. She was instrumental in the development of the Federal Reserve’s policy normalization tools, including the establishment of the overnight reverse repo facility, and the long-run monetary policy implementation framework.