Core Viewpoint - The suggestion by Federal Reserve's Logan to replace the federal funds rate with the Tri-Party General Collateral Rate (TGCR) is considered reasonable by market analysts, indicating a potential shift in monetary policy approach [1] Group 1 - TD Securities strategist Jan Nevruzi notes that the TGCR could be a more stable reference compared to the federal funds market, which experiences higher daily volatility [1] - Wrightson ICAP's chief economist Lou Crandall emphasizes the importance of having a backup plan for the Federal Reserve in case of significant divergence between the federal funds rate and more relevant market rates like TGCR [1]