Logan: Fed Doesn’t Evaluate Market Based on Yields

The US Federal Reserve does not measure market functioning based on the level of the Treasury bond yields, said Lorie Logan, executive vice president in the Markets Group of the Federal Reserve Bank of New York.

Logan, who also serves as the manager of the System Open Market Account (SOMA) for the Federal Open Market Committee (FOMC), said that the Fed focuses on the measures of liquidity and price discrepancies within those debt markets, MarketWatch reported.

The remarks came during a webinar for the Securities Industry and Financial Markets Association on Wednesday.