Fed’s Kaplan says will be time to pull back on bond buying when economic recovery is clear: WSJ

FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir

(Reuters) – Dallas Federal Reserve Bank President Robert Kaplan said he believes it will be time for the central bank to start pulling back on its bond-buying stimulus efforts when it is clear the economy is recovering strongly, the Wall Street Journal reported here on Friday.

Kaplan told the Journal he supports extending Fed emergency-lending efforts, targeting main street firms and offering support for displaced workers.

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