Economics
Fed’s Kaplan Expects ‘Enthusiastic’ Debate on Taper Timing
- Dallas Fed chief will be patient, flexible in judging progress
- Kaplan says economy could grow 5% this year and maybe faster
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Federal Reserve Bank of Dallas President Robert Kaplan predicted an “enthusiastic” internal discussion over the U.S. central bank’s massive bond-buying program, while vowing to be patient in judging when the economy has made sufficient progress to warrant scaling it back.
“I don’t want to associate or even think about associating a time frame with that,” he said Friday during a virtual forum hosted by the North Dallas Chamber of Commerce. “I’m going to be very careful as I monitor the economy this year to see how the economy unfolds, to be patient, and more importantly, not to be rigid or pre-determined in judging when we actually meet that.”