U.S. Dallas Federal Reserve President Robert Kaplan said Monday he is “completely” on board with keeping interest rates at their current near-zero level even into 2023, but worries a vow to keep them there even longer risks excesses and imbalances in financial markets. Last week the Fed promised not to raise rates until the economy reaches full employment and inflation is on track to moderately exceed the Fed’s 2% target. Kaplan, who dissented, said Monday he believes the economy will be on track for full employment and stable prices by late 2022 or into 2023. “I’m a big believer if you make a commitment like this, ... (full story)