Fed’s Kaplan Supports Policies Changes after Pandemic

President of the Federal Reserve of Dallas said on Wednesday that the Fed should start pulling back from its monetary easing policies shortly after the end of the Coronavirus pandemic, which could spur strong growth, Reuters reported.

The U.S. Federal Reserve should then start by tapering the pace of its asset purchases from its current level at $120 billion per month.

“I think in my mind it would be substantially completed before you dealt with Fed funds rate, but I would like to retain flexibility on that.”

“Once we do emerge, we’re going to have very robust growth.”