Having been without a president for more than half a year after its disgraced former president (and former Goldman banker) Robert Kaplan retired from the bank on October 8, 2021 after his personal stock trades were exposed in a wide-ranging scandal, moments ago the Dallas Fed announced that it had finally found a replacement with the appointment of Lorie Logan as president and chief executive officer, best known until now as the head of the Fed's Plunge Protection Team (or rather "Plunge Enforcement" these days) - her technical title is Manager of the SOMA and Head of Market Operations, Monitoring, and Analysis in the Markets Group at the NY Fed where she oversees the Fed's $9 trillion portfolio and leads the implementation of monetary policy by manipulating markets.

Logan also serves as executive vice president of the Federal Reserve Bank of New York, where she has led Market Operations, Monitoring and Analysis since 2012. In that role, she oversees policy implementation, provision of fiscal agent services to the U.S. Treasury Department in support of debt issuance and foreign exchange operations, analysis of global financial market developments and production of the New York Fed's reference rates, including the new Secured Overnight Financing Rate.

She represents the Federal Reserve on the Markets Committee at the Bank for International Settlements and oversees several public-private sector committees that are sponsored by the New York Fed to engage with market participants on key issues and advance financial industry best practices.