Fed’s Kaplan expects to support a taper-plan announcement later this month

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Dallas Fed President Robert Kaplan says he'll likely 'be advocating that we should announce a plan' at the Fed's next meeting.

Dallas Fed President Robert Kaplan said Wednesday he expects to advocate that the Fed announce a plan to slow down its $120 billion per month of asset purchases “sooner rather than later,” despite the disappointing August jobs report.

Kaplan, who has been a leading advocate for the tapering, said he wasn’t surprised by the August jobs report.

 

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Does it mean he already finish dumping his stocks? He is trading on insider information. He should be in jail!

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