New York Fed's Logan: Central bank digital currency could lead to larger balance sheets

NY Fed's Lorie Logan is on the wires saying:

• Digital innovation in money, payments, could 4 central banks to overhaul how they conduct monetary policy
• depending on how it is constructed, central bank digital currency could lead to larger central bank balance sheets, more challenges to control of interest rates

Logan currently serves as manager of the System Open Market Account for the FOMC and also serves as executive vice president of the Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of New York, where she has led Market Operations, Monitoring and Analysis since 2012.

She will be assuming the role of the president of the Dallas Fed on August 22. (CLICK HERE)