* KAPLAN: WOULD NOT BE SURPRISED TO SEE 10-YEAR YIELDS DRIFT UP
* KAPLAN: THERE'S NO SHORTAGE OF CAPITAL TO BUY U.S. TREASURIES
* FED'S KAPLAN: ONCE THE PANDEMIC HAS PASSED AND IMPROVEMENT ON JOBS AND INFLATION HAS BEEN MADE, I WOULD CALL FOR A QE TAPER.
* FED'S KAPLAN: THE STOCK MARKET CAPITALIZATION TO GDP RATIO IS HISTORICALLY HIGH, CREDIT SPREADS ARE TIGHT, AND THE HOUSING MARKET IS HIGH.
* FED'S KAPLAN: I'LL STILL BE LOOKING AT CAPITAL MARKETS' EXCESSIVE RISK-TAKING.
* FED'S KAPLAN: I'LL LIKE TO LEAN ON THE SIDE OF CONTINUING TO WITHDRAW EXCEPTIONAL POLICIES EARLIER RATHER THAN LATER ONCE IT'S OBVIOUS WE'VE WEATHERED THE EPIDEMIC.
* FED'S KAPLAN: THE FED'S CURRENT CHALLENGE IS TO STRIKE A COMPROMISE BETWEEN BEING PROACTIVE AND REACTIVE.
* FED'S KAPLAN SAYS WE ARE GOING TO HAVE TO SHIFT OUR APPROACH COMING OUT OF THE VIRUS
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