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Fed Kaplan: We’re not out of the woods yet

Dallas Fed President Robert Kaplan said in a WSJ interview, “there’s reason to be optimistic about the future.” But he emphasized that “we’re not out of the woods yet”. And, “reducing stimulus when the pandemic abates and more economic progress is made will help keep the recovery going

“When we’re in the middle of a crisis, we should be aggressively using our tools, so I agree with what we’re doing now in terms of asset purchases and stance of policy generally,” Kaplan said

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