[Federal Reserve's Logan: Voluntary Central Clearing Mechanism May Enhance Open Market Operation Efficiency] Jin10 News, July 10 – Dallas Federal Reserve President Logan stated that if the Federal Open Market Committee conducts open market operations through a voluntary central clearing mechanism, it could help improve operational efficiency and effectiveness while enhancing the stability of U.S. financial markets. Logan pointed out that such arrangements could optimize the use of Federal Reserve tools, such as the Standing Repo Facility. This tool is designed to provide liquidity to eligible financial institutions, but its current market usage remains relatively low. Some believe that simplifying the clearing process could increase its appeal. She also emphasized that market leverage levels need to be managed cautiously, and financial markets must maintain an appropriate balance between the benefits and risks of leverage, as well as between leverage and liquidity.