Fed’s Kaplan Calls for Keeping Interest Rates for Two or Three Years

The United States Federal Reserve needs to maintain interest close to 0% until economic recovery is achieved, which is expected by the end of 2022 or in 2023, according to the President of the Federal Reserve Bank of Dallas, Robert Kaplan.

“I believe there are real costs to keeping rates at zero for a prolonged period of time.”

“I believe that we will learn a lot over the next two years about the impact of monetary policy on achieving our inflation goals.”