Fed’s Kaplan Careful with Bond Buying

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he would like to be careful about increasing the United States Federal Reserve bond purchases.

Kaplan also said on Friday in an interview with the Wall Street Journal that he supports maintaining interest rates near zero until 2022 or 2023.

“My concern about asset purchases is they can distort markets. It is a tool that I would want to be careful with.”