Reuters exclusively reports Fed’s Kaplan wants bond-buying taper to start quickly and be gradual

Reuters exclusively reports Fed’s Kaplan wants bond-buying taper to start quickly and be gradual

October 1, 2021 Off By Sindy Thompson

Source : Reuters

Business & Finance

Reuters reported exclusively that Dallas Federal Reserve President Robert Kaplan believes the U.S. central bank should start reducing its bond-buying program “soon” and gradually, and that doing so would give it more flexibility to be patient on raising interest rates. In June, Kaplan was among the minority of Fed policymakers who thought the central bank might need to begin raising rates in 2022. Kaplan said he did not know if he would pencil that same view in when policymakers submit their updated forecasts as part of the Sept. 21-22 policy meeting. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source: Reuters