Dallas Fed’s Kaplan calls for tapering announcement in September

Dallas Fed’s Kaplan calls for tapering announcement in September

Federal Reserve Bank of Dallas President Robert Kaplan said rising concerns over the spread of the Delta variant have not materially changed his call to start the process of pulling back on the central bank’s extraordinary monetary stimulus in September.

“I’m going to be suggesting that we should move toward announcing a plan as early as our September meeting and begin our tapering process in October,” Kaplan told Yahoo Finance in an interview on Thursday.

Kaplan’s comments come as the…


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