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Dallas Federal Reserve Names New President

Dallas Fed President
Lorie K. Logan

The Dallas Fed has a new president. After a seven-month search, Federal Reserve Bank of New York Executive Lorie Logan, 49, will be the 13th president of the Dallas Fed and its first-ever woman to hold the position. She replaces Rob Kaplan, who served from 2015 until his retirement in October amid a stock trading controversy. She is joining at a critical time as the Fed implements a series of interest rate hikes to bring inflation to a 2% target.