Economics
Fed's Kaplan Says Chair Must Command Respect as Economic Analyst
- Dallas Fed head says Janet Yellen possesses that quality
- Kaplan also says part of inflation slowdown not transitory
Fed's Robert Kaplan on Mexico, Inflation, Employment
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A successful Federal Reserve chair must be a respected analyst of the economy who can “stand on their own two feet in that regard” to forge a consensus among colleagues who serve on the policy-setting Federal Open Market Committee, Dallas Fed President Robert Kaplan said.
The central bank needs a leader who’s an “expert person that can analyze the economy and have views on monetary policy that are respected,” Kaplan said Friday in an interview with Tom Keene on Bloomberg Radio. “The reason that’s so critical is the second part of the job -- which is they’ve got to be able to mobilize a consensus, forge a consensus among presidents and governors,” on the FOMC.