Federal Reserve Bank of New York executive Lorie Logan will become the 13th president of the Dallas Fed and its first female chief following a seven-month search.
She will oversee the regional bank’s 1,200 employees and represent the Fed’s Eleventh District on the Federal Open Market Committee that formulates U.S. monetary policy. The district covers Texas, northern Louisiana and southern New Mexico. Her start date is Aug. 22.
Logan replaces Rob Kaplan, who served as Dallas Fed president from September 2015 until his retirement in October amid a stock trading controversy involving several regional bank presidents.
