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… Source link
Read More »Dallas Fed President Robert Kaplan speaks with Yahoo Finance [Transcript]
Robert Kaplan, president of the Federal Reserve Bank of Dallas, spoke with Yahoo Finance to discuss the COVID-19 recovery and the future of Fed policy. Below is a transcript of his appearance on Feb. 12, 2021. — BRIAN CHEUNG: There’s no question that we’re not out of the woods yet on the economy, almost 10 million people still sidelined relative to pre-pandemic levels. There’s millions still turning to unemployment insurance, as we saw from the Department of Labor yesterday. So to chat… Source link
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