Yellen Unveils $2.5 Trillion Tax Reclamation Plan, Fed Threatens To Withdraw Accommodation• Zero Hedge
Stocks just got hit with a double-whammy of hawkishness as Fed's Kaplan threatened to withdraw accommodation as the pandemic ends and Treasury's Yellen unveiled a plan to grab back $2.5 trillion in taxes from corporations.
Just a week after his last warning sank stocks, Federal Reserve Bank of Dallas President Robert Kaplan is at it again.
Last week he opined that:
"I'm concerned about excess risk-taking and if that excess risk-taking goes too far, whether it creates excesses and imbalances, that could ultimately create challenges,"