Asked in a CNBC interview about a potential connection between the GameStop craze and the Federal Reserve’s unusually loose monetary policy, Kaplan said, “I don’t see anything right now systemic.”
“Some of the current situation you are seeing—one of the factors—is there is a lot of liquidity, and some of that relates to Fed purchases of $80 billion of Treasuries and $40 billion of mortgage-backed securities every month: I think it’s wise for us to acknowledge that,” he noted.
