Robert Kaplan, the President of the Federal Reserve Bank of Dallas, stated on Friday that Fed should start talking about tapering bond-buying soon. He also reiterated his view on interest rates, which he believes should start to rise in 2022.
Additionally, Kaplan shared his expectation that the surge in prices will be over 2.5% or 2.75% in the coming months. The factors that are pushing inflation up are base effects, demand-supply imbalances, fiscal policy.
As for employment, the Fed official said that during the recovery phase it will be a challenge to get less-educated workers back to their jobs and to the workforce.