Dallas Fed president Kaplan says he is in favor of a gradual taper (6-8 months) - CNBC

Market news

26 August 2021

Dallas Fed president Kaplan says he is in favor of a gradual taper (6-8 months) - CNBC

Says he has not seen anything that would materially change his outlook

Says businesses and consumers are adapting to COVID-19

Hopes Fed will announce taper plan in September

Says he would prefer to start tapering soon, but do it gradually (6-8 months)

Thinks Fed has communicated that a taper is coming

Notes inflation affects lower income community disproportionately; Fed has to take that very seriously

European stocks closed: FTSE 100 7,124.98 -25.14 -0.35% DAX 15,793.62 -67.04 -0.42% CAC 40 6,666.03 -10.45 -0.16%

Tapering is just not on the ECB menu card... yet - ING

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