Fed's Kaplan Says Taper Is Coming, Just a Question of When

The transcript discusses the Federal Reserve's approach to adjusting economic policies post-pandemic, comparing it to the Great Recession. It highlights the importance of substantial progress in the market, focusing on supply issues rather than demand. The discussion includes employment and inflation benchmarks, the impact of the delta variant, and the effectiveness of current purchases. The transcript concludes with considerations for winding down quantitative easing and the need for gradual implementation.

What are the potential risks associated with adjusting purchases by the Federal Reserve?

What does 'substantial further progress' mean in the context of the Federal Reserve's objectives?

How does the current supply issue differ from the demand problems faced earlier?

What factors are being monitored to assess the effectiveness of the vaccine against the delta variant?

What is the consensus on Wall Street regarding the timeline for winding down quantitative easing?