In an interview with CNBC on Tuesday, Dallas Federal Reserve Chairman Robert Kaplan reiterated that the coronavirus vaccine is critical for the economy to recover, Reuters reported. The official said he is expecting to see an improvement in economic mobility starting in June.
“Some of the current situations in the markets are related to liquidity, some of which are due to the policy of the Fed”Kaplan stated. He indicated that he does not see systemic risks at this time in financial markets. He added that 10-year Treasury yields are expected to rise if the economy grows as expected.
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