- Dallas Fed president Kaplan: We're in the teeth of this pandemic, we should be aggressive - CNBC
Market news
2 February 2021
Dallas Fed president Kaplan: We're in the teeth of this pandemic, we should be aggressive - CNBC
- We're not out of the woods by a longshot
- I'm going to avoid talking about tapering
- I expected improvement in economic mobility from June onwards
- There is a substantial amount of liquidity in markets and we're seeing that in play
- It will be healthy to minimize this liquidity down the road but I'm going to avoid talking about that until down the road
- I do not see systemic risks right now in financial markets
- I think it's wise for us to acknowledge that Fed buying $120 billion a month is part of that
- It wouldn't surprise me to see some inflation spikes this year but believes it will mostly be transitory
- 10-year Treasury yields expected to go up if the economy grows as forecasted; that would be healthy
- Coronavirus vaccine is critical to seeing the economy recover
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