Fed’s Kaplan Says Start Tapering Process ‘As Soon as Possible’

The transcript discusses the Federal Reserve's approach to tapering asset purchases and the potential impact on the Fed funds rate. It emphasizes the importance of separating decisions on asset purchases from rate decisions. The timeline for assessing economic conditions extends into the next year, with a focus on starting the asset purchase adjustment process soon. A gradual approach over eight months is suggested to provide more flexibility for future rate decisions.

What is the speaker's perspective on the separation of asset purchases and Fed funds rate decisions?

What does the speaker believe about the timing of the asset purchases adjustment process?

How does the speaker suggest the asset purchases adjustment should be conducted?

What does the speaker imply about the flexibility of future decisions based on the timing of the asset purchases adjustment?

What factors does the speaker mention that will influence decisions on the Fed funds rate?