Apr 7 (Reuters) – The time has not yet come for the central bank to withdraw its support for the U.S. economy, but reducing stimulus when the pandemic subsides and there is more economic progress will keep the recovery alive, said the president of the Dallas Federal Reserve Robert Kaplan to The Wall Street Journal.

“When we are in the middle of a crisis we should aggressively use our tools, so I agree with what we are doing now in terms of asset purchases and the policy stance in general,” Kaplan said in an interview.

“There are reasons to be optimistic about the future,” Kaplan said, adding that, “with that said, I would also emphasize that my point of view is that we are not out of the woods yet.”

(Reporting by Bhargav Acharya and Aakriti Bhalla in Bengaluru; edited in Spanish by Carlos Serrano)

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