Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Fed's Kaplan repeats call for opening QE taper debate

Published 05/20/2021, 11:17 AM
Updated 05/20/2021, 11:21 AM
© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank's headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir/File Photo

(Reuters) - Federal Reserve Bank of Dallas President Robert Kaplan on Thursday that as the U.S. economy improves and weathers the pandemic, the U.S. central bank should move to consider reducing its support for the economy sooner rather than later.

"Maybe taking the foot gently off the accelerator would be the wise thing to do here," Kaplan said at a virtual event put on by the Borderplex Alliance, an economic development organization on the U.S.-Mexico border. Massive fiscal stimulus has helped boost demand, he said, and the Fed's continued monthly $120 billion in bond purchases could contribute to excesses and imbalances in financial and housing markets, he said, adding, "I think it's important that monetary policy adapt to changes in fiscal policy."

Latest comments

And this is also intepreted as good news as is if FED keeps on going printing money for neverending future. Lol.
And this is also intepreted as good news as is if FED keeps on going printing money for neverending future. Lol.
The real issue is the Fed is running out of assets to attach to and the 120 b is more psychological at this point... They cant support the markets anymore unless they generate more credit... they screwed the pooch
So will the federal bank stop in June or July? There are a lot of factors to consider. 🤔
Smart economist with future vision.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.