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Options for modernizing the FOMC’s operating target interest rate
Abstract: The Federal Open Market Committee primarily adjusts the stance of monetary policy through its target range for the federal funds rate. We discuss whether the fed funds rate remains the right operating target for short-term interest rates.
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https://www.dallasfed.org/research/economics/2025/0925
Description: Full text - essay
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https://www.dallasfed.org/news/speeches/logan/2025/lkl250925
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2025-09-25
Note: This essay was published in conjunction with a speech delivered by Dallas Fed President Lorie Logan.