Economy

Fed’s Kaplan says central bank should begin asset tapering in October

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Dallas Federal Reserve President Robert Kaplan said Wednesday that the central bank should begin to taper its monthly purchases of Treasury bonds and mortgage-backed securities in October.

His view that the central bank ought to begin cutting back in two months is perhaps the most ambitious from a Fed president to date.

Other high-ranking Fed officials, including Chairman Jerome Powell, have not yet given a forecast for when they want to pull back on the economic stimulus.

“It would be my view that if the economy unfolds between now and our September meeting … if it unfolds the way I expect, I would be in favor of announcing a plan at the September meeting and beginning tapering in…



Source cnbc.com

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