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- Dallas Fed president Kaplan: As we’re making progress toward our goals, the economy would be much healthier if we wean off these extraordinary measures - WSJ
Dallas Fed president Kaplan: As we’re making progress toward our goals, the economy would be much healthier if we wean off these extraordinary measures - WSJ
- Says Fed should be aggressively using its tools when we’re in the middle of crisis
- Agrees with what Fed is doing now in terms of asset purchases and stance of policy generally
- Believes that as we’re making progress toward meeting our goals, the economy would be much healthier if we wean off these extraordinary measures
- There’s reason to be optimistic about the future
- But we’re not out of the woods yet
- Raising short-term rates off near-zero levels does not necessarily translate to pulling back support for the economy
- Willing to be much more accommodative in the months, years ahead to reach Fed goals but that does not necessarily mean near-zero rates
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