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Fed’s Kaplan says will be time to pull back on bond buying when economic recovery is clear: WSJ – Metro US

Fed’s Kaplan says will be time to pull back on bond buying when economic recovery is clear: WSJ

Dallas Federal Reserve Bank President Robert Kaplan speaks during an
Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas

(Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said he believes it will be time for the central bank to start pulling back on its bond-buying stimulus efforts when it is clear the economy is recovering strongly, the Wall Street Journal reported https://www.wsj.com/articles/feds-kaplan-says-it-will-be-time-to-taper-bond-buying-when-economy-is-clearly-recovering-11608321511?mod=latest_headlines on Friday.

Kaplan told the Journal he supports extending Fed emergency-lending efforts, targeting main street firms and offering support for displaced workers.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Chris Reese)