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Federal Reserve Bank of Dallas President and CEO Robert Kaplan
Published Date
Jan 15, 2020
WSJ:
Fed’s Kaplan Warns Central Bank Actions Are Driving Up Risk Taking
Federal Reserve Bank of Dallas leader Robert Kaplan said Wednesday central bank actions, most notably its injections of liquidity into financial markets, are boosting investors’ risk taking, adding he would like to find a way soon to pare back the expansion of the Fed’s balance sheet.
“Many market participants believe that growth in the Fed balance sheet is supportive of higher valuations and risk assets,” Mr. Kaplan told reporters after an appearance at
the Economic Club of New York.
When it comes to worries Fed actions are driving up stocks, he said “I’m sympathetic to that concern” and added “I think it’s wise to acknowledge it and be cognizant of that concern as we think about our next actions.”
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