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IPFS News Link • Federal Reserve

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,"


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