Fed’s Kaplan repeats name for opening QE taper debate By Reuters

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© Reuters. FILE PHOTO: Robert Kaplan, President of the Dallas Federal Reserve Bank, speaks during an interview in his office at the bank’s headquarters in Dallas, Texas, the United States, Jan. 9, 2020. REUTERS / Ann Saphir / File Photo

(Reuters) – The President of the Federal Reserve Bank of Dallas Robert Kaplan said Thursday that as the pandemic improves and copes with the US Federal Reserve, it should consider scaling back its support to the economy sooner rather than later.

“Perhaps it would be advisable here to gently take your foot off the accelerator,” said Kaplan at a virtual event of the Borderplex Alliance, an organization for economic development on the border between the United States and Mexico. Massive fiscal stimulus has helped boost demand, and the Fed’s continued $ 120 billion monthly bond purchases could add to excesses and imbalances in financial and real estate markets. ”

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