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REGISTER NOW The U.S. economy will likely meet the Federal Reserve’s threshold for tapering its asset purchases sooner than people think, said Dallas Fed President Robert Kaplan, who has penciled in an interest-rate increase next year. “As we make substantial further progress, which I think will happen sooner than people expect — sooner rather than later — and we’re weathering the pandemic, I think we’d be far better off, from a risk-management point of view, beginning to adjust these purchases of Treasuries and mortgage-backed securities,” Kaplan said Wednesday in an interview with Bloomberg News. Kaplan says he’s forecasting rate liftoff in 2022 from its current setting near zero, as inflation surpasses the central bank’s 2% goal this year and next and unemployment dips below 4%. He declined to elaborate on his 2023 rate projection.

United statesJerome powellRaphael bosticRobert kaplanJames bullardFederal reserve bankMarket committeeFederal reserveAtlanta dallas technology conferenceDallas fed president robert kaplanDallas technology conferenceJune federal open market committeeAtlanta fed president raphael bosticChair jerome powellஒன்றுபட்டது மாநிலங்களில்ஜெரோம் போவல்