đŁď¸Fed's Logan:
â˘If the economy lives up to expectations, I expect gradual rate cuts.
â˘I expect the money market to be close to or above the Fed's interest rate.
â˘I'm not surprised by the money market volatility.
â˘Money market liquidity is still plentiful
â˘Balance sheet reduction is part of policy normalization.
â˘The Fed needs to be careful in its monetary policy choices.