Core Viewpoint - The Dallas Federal Reserve President Lorie Logan emphasizes the need to prepare for a new benchmark interest rate, suggesting alternatives like tri-party general collateral repo rates and SOFR rates, while asserting that this will not disrupt the FOMC's monetary policy [1] Group 1 - The current federal funds rate remains a reliable target for monetary policy despite changes in the money market [1] - The connection to the federal funds rate is fragile and may break suddenly, indicating a need for a revised approach [1] - Upgrading inflation targets will not interfere with the balance sheet management [1]