Dallas Fed President Robert Kaplan told CNBC, “sooner rather than later I think it would be wise to start talking about moderating some of these purchases that we put in place during the crisis.”
“I think maybe the efficacy of these versus the side effects, I think that balance is changing as we’re emerging from the crisis and making progress,” he said.
“Coming out of this pandemic, I think we’ve got some paradigm shifts,” he said. “There’s no textbook for this. You don’t want to be so preemptive that you choke off the recovery. On the other hand, you don’t want to be so late that you’re behind the curve.”
