Slowdown! Fed’s Kaplan Calls For Fed To Slow Down Asset Purchases As Atl Fed GDPNow Q2 Forecast At 10.132%

by confoundedinterest17

Federal Reserve Bank of Dallas President Robert Kaplan repeated his call for policy makers to begin a discussion of slowing their asset purchases, a day after minutes of the Fed’s April meeting showed an increased interest in talking about tapering.

“Maybe taking the foot gently off the accelerator would be a wise thing to do here so that we can manage this transition more effectively,” Kaplan said Thursday in response to questions during a virtual discussion hosted by the Borderplex Alliance. “That’s why I have encouraged sooner rather than later we begin a discussion of these purchases.”