Dallas Federal Reserve President Robert Kaplan joined 'The Exchange' on Wednesday to discuss the Labor Department's latest report on inflation.
said Wednesday that the central bank should begin to taper its monthly purchases of Treasury bonds and mortgage-backed securities in October.
His view that the Fed ought to begin cutting back on its $120 billion per month purchases is perhaps the most ambitious public opinion from a Fed president to date. Kaplan told "The Exchange" that he feels comfortable pulling back on the stimulus since he thinks the U.S. economy is in the midst of a healthy rebound.
"It would be my view that if the economy unfolds between now and our September meeting ... if it unfolds the way I expect, I would be in favor of announcing a plan at the September meeting and beginning tapering in October."Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
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