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Dallas Fed President Robert Kaplan said he is advocating for the central bank to announce a slowdown of its asset purchases as early as September, with the actual taper happening in October.
Other food manufacturers who responded to the Dallas Fed’s survey also raised concern about their economic health. One said agriculture as a whole was “hurting,” citing challenges from ...
He was later promoted to Chief Economist, and holds the unique distinction of being the only Chief Economist in the Federal Reserve System's history. While at the Fed, he also served as an adjunct professor at Southern Methodist University in Dallas. He retired from the Dallas Fed in 2009 to become the Director for the O'Neil Center.
September 15, 2021: Sen. Elizabeth Warren (D-Mass.) writes to all 12 Federal Reserve banks asking them to, within 60 days, impose a ban on the ownership and trading of individual stocks by senior ...
He worked for the Federal Reserve for 36 years, including as president of the Federal Reserve Bank of Dallas from 1991–2005, where he was known for his plain, jargon-free public speaking and telling stories about growing up in rural Georgia. He has stated that one of his goals was "to translate economic sense into common sense". [5]
Economists polled by Bloomberg expect inflation as measured by the consumer price index for May to rise 5.2% excluding food and energy prices compared with 5.5% the month before.
The Federal Reserve Bank of Dallas is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the U.S. central bank. The Dallas Fed is the only one where all external branches reside in the same state (although the region itself includes northern Louisiana as well as southern New Mexico).
Core inflation, as measured by the personal consumption expenditures (PCE) price index, rose 2.8% year-over-year in October, exceeding the Fed’s latest Summary of Economic Projections.