Fed’s Kaplan First to Take a Step Back on Tapering

Dallas Fed President Robert Kaplan said on Friday that he could change his mind on scaling back the asset purchases soon due to the spread of the Coronavirus Delta variant, which might slow the economic rebound.

So far, it is not having a material effect but it could be having an effect in delaying the return to the office and it is affecting the ability to hire workers because of fear of infection, Kaplan explained in an interview with Fox News.

The most recent Federal Reserve meeting minutes showed a tendency towards tapering as soon as this year or in early 2022.