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Fed's Kaplan: U.S. economy still on track for tapering in October or "shortly thereafter"

EconomyAug 26, 2021 11:06AM ET
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WASHINGTON (Reuters) - The U.S. economy is still on track for the Federal Reserve to begin reducing its massive monthly bond buys in October or soon after, Dallas Fed President Robert Kaplan said on Thursday as he downplayed the impact of the Delta variant of COVID-19.

"Based on everything I am seeing I don't see anything at this point that would cause me to materially change my outlook," Kaplan said in an interview with CNBC. "Based on all that it would continue to be my view that when we get to the September meeting we would be well served to announce a plan for adjusting purchases and begin to execute that plan in October or shortly thereafter."

Last week Kaplan had appeared more nervous about the potential impact of the Delta variant on the economy but added on Thursday that his business contacts are telling him they are "weathering" Delta at least as well as previous surges.

Fed's Kaplan: U.S. economy still on track for tapering in October or "shortly thereafter"
 

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Comments (3)
Sol Wein
Sol Wein Aug 26, 2021 12:43PM ET
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All talk
MK MK
MK MK Aug 26, 2021 12:28PM ET
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Who cares what those fools talk?
Edward Chong
Edward Chong Aug 26, 2021 11:18AM ET
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omg he changes his mind every 2 to 3 days.
Lumber Jack
Lumber Jack Aug 26, 2021 11:18AM ET
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yeap, i nvr trust the fed. thay keep manipulate taper.
Larry Langley
Larry Langley Aug 26, 2021 11:18AM ET
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Why I don't trust them is they talk to the public instead of shut up and do their work and only thing comes out is reports. More bodies piled up then last week when that changed his mind.
 
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