Fed's Kaplan sees financial market 'excesses,' eyes QE taper

Reuters2021-04-30

Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.

"We are now at a point where I'm observing excesses and imbalances in financial markets," Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a "historically" robust housing market. "I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases," referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.

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Comments

  • Melodykjh
    2021-05-03
    Melodykjh
    Interesting 
  • CL777
    2021-05-03
    CL777
    [Miser] 
  • SSVC
    2021-05-03
    SSVC
    Ya.. Appreciate your response and comments Thanks 
  • Slayer888
    2021-05-03
    Slayer888
    Bond buying trim will also trim financial markets 
  • xoxoll
    2021-05-03
    xoxoll
    Help me like and comment 
    • TANJH: 
      done. pls do the same back. thanks in advance
  • Tan123
    2021-05-03
    Tan123
    about time
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