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Logan Says Fed Should Consider Replacing Its Benchmark Rate

Federal Reserve Bank of Dallas President Lorie Logan said the US central bank should abandon the federal funds rate as its benchmark in implementing monetary policy, and consider an overnight rate tied to the more robust market for loans collateralized by US Treasuries.

Fed’s Barr Offers Alternative Reforms to Big-Bank Stress Test

Setting bank capital levels should be separated from stress test results and customized more closely to a lender’s condition, according to Fed Governor Michael Barr, who is looking for ways to preserve the rigor of the tests amid calls from the industry to make them easier.

Big Tech’s Costly AI Bet Rides on Hundreds of Billions of Debt

Technology firms with vast funding needs to pay for their AI ambitions are striking blockbuster debt deals at the fastest pace in years, taking advantage of near—insatiable investor appetite to lock in financing for initiatives whose ultimate payoff remains uncertain.

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