Economics
Fed Fuels Rise in Assets Via ‘Derivative’ of QE, Kaplan Says
- Dallas Fed chief says FOMC should beware elevated valuations
- San Francisco’s Daly plays down T-bill buying as ‘plumbing’
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The Federal Reserve’s low interest rates, the perception that there is a high bar to future increases and expansion of its balance sheet are helping to lift asset prices, Federal Reserve Bank of Dallas President Robert Kaplan said.