Reuters exclusively reports Fed's Kaplan wants bond-buying taper to start soon and be gradual - Reuters News Agency
Business & Finance

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

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
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