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.
- If the economy unfolds as expected, in favor of announcing a plan a plan to taper at the September meeting and start tapering in October
