Kaplan is a voting member in 2023
Feds Kaplan is expected to speak at 10:30 AM ET. Last week (August 20) Kaplan shifted his stance a bit due to the Delta variant.
Fed’s Kaplan on Fox Business
- The big “imponderable” is path of Delta virus.
- So far the Delta virus has not had a material effect on mobility
- Delta virus is limiting production output and slowing return to office
- will be watching it Delta carefully
- if Delta is having a more negative effect on GDP growth could cause me to adjust my views
- a big economic variable is how quickly to get people vaccinated; right now in a negative trend as far as spread of Delta virus
That is in contrast to comments he made on August 11 when he was more hawkish.
This article was originally published by Forexlive.com. Read the original article here.