By Syndicated Content
May 20, 2021 | 10:17 AM
(Reuters) – Federal Reserve Bank of Dallas President Robert Kaplan on Thursday that as the U.S. economy improves and weathers the pandemic, the U.S. central bank should move to consider reducing its support for the economy sooner rather than later.
“Maybe taking the foot gently off the accelerator would be the wise thing to do here,” Kaplan said at a virtual event put on by the Borderplex Alliance, an economic development organization on the U.S.-Mexico border. Massive fiscal stimulus has helped boost demand, he said, and the Fed’s continued monthly $120 billion in bond purchases could contribute to excesses and imbalances in financial and housing markets, he said, adding, “I think it’s important that monetary policy adapt to changes in fiscal policy.”
Gold advances to three-month high on virus woes, inflation
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Economic Data Scheduled For Friday
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
A Peek Into The Markets: US Stock Futures Rise Ahead Of Economic Data
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.