Economics
Fed’s Kaplan Wants to Talk Taper, Breaks Ranks With Powell
- Sees evidence of market imbalances in stocks and housing
- Kaplan is not a voter this year on the policy-setting FOMC
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
Signs of excess risk taking in financial markets show it’s time for the U.S. central bank to start debating a reduction in its massive bond purchases, said the president of the Dallas Federal Reserve, breaking ranks with Chair Jerome Powell.