Lorie K. Logan, a longtime Federal Reserve Bank of New York veteran, will be the next leader of the Federal Reserve Bank of Dallas.
Ms. Logan will start in August, filling a role that was vacated in October 2021 when Robert S. Kaplan resigned from the position amid fallout from a trading scandal. Mr. Kaplan had been actively trading stocks and other assets in 2020, when the Fed was intervening in markets.
Her appointment to the job will give her a rotating say on monetary policy decisions, and will put her in charge of an institution that employs 1,200 people. Dallas is one of the Fed system’s 12 regional reserve banks, and bank presidents rotate in and out of four voting positions. The New York Fed and the Fed’s seven Washington-based governors hold a constant vote on interest rates.
Ms. Logan has worked at the Fed since 1999, most recently as head of the Fed’s portfolio of securities. She curtailed her maternity leave to work on the 2008 financial crisis response, and played a key role in informing and implementing the central bank’s emergency programs when markets melted down at the outset of the coronavirus pandemic in 2020.
“We will continue to benefit from her analytical rigor, keen insights and good judgment,” Jerome H. Powell, the Fed chair, said in the statement announcing Ms. Logan’s appointment.
Ms. Logan is originally from Versailles, Ky., and she holds a political science degree from Davidson College and a master’s degree in public administration from Columbia University.
Regional Fed presidents are selected by their reserve bank’s board of directors, excluding bank representatives, and are approved by the Fed’s governors in Washington.
Ms. Logan will next vote on monetary policy in 2023.
