美联储：或改政策目标，三方回购利率成首选

Group 1 - The core viewpoint is that Dallas Fed President Lorie Logan's suggestion to replace the effective federal funds rate with other indicators as a key policy rate may signal a shift in central bank targets [1] - Previous discussions among Federal Reserve officials about changing policy targets did not yield results, but the presence of two influential figures focused on market pipeline issues in the FOMC increases the likelihood of a policy target change [1] - The challenges associated with changing policy targets are primarily communication-related, as the federal funds rate is influenced by the Fed's managed rates [1] Group 2 - The strategy suggests that the tri-party general collateral repo rate is the best target based on repos, as it is most directly influenced by the Fed's managed rates [1] - Targeting the secured overnight financing rate is more complex due to its dependence on multiple factors [1] - If the Fed targets the repo rate, it may take quicker action when the benchmark approaches the edge of the target range, indicating a potential shift in policy response [1]