FXStreet (Bali) – The views on monetary policy by Dallas Fed’s new appointee Robert Steven Kaplan, who will replace Richard Fisher, effective September, are not immediately apparent from public sources, comments the Team at Scotia Bank.
Key Quotes
“The Dallas Fed announced that Robert Steven Kaplan will be its new President, replacing Richard Fisher effective September 8 (i.e. prior to the September FOMC meeting).”
“Kaplan is presently a professor at HBS and has corporate involvement at the board level with State Street, Harvard Management Corporation, and is chairman of Google’s investment advisory committee.”
“Kaplan’s views on monetary policy are not immediately apparent from public sources as the bulk of his writing has covered strategic leadership in management or public policy issues.”
“Note however that the Dallas Fed does not have a voting seat on the FOMC until 2017 giving us plenty of time to learn Kaplan’s general outlook on monetary policy.”
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