Fed's Kaplan: Economy's supply issues may be structural
|Dallas Fed President Robert Kaplan argued on Thursday that the US economy's supply issues may be structural and added monetary policy is not well-equipped to deal with them, as reported by Reuters.
Additional takeaways
"Supply-demand imbalances on material and labor are a challenge."
"Expecting to see more people return to labor force when unemployment benefits end."
"Worth taking seriously employers' complaints about difficulties hiring."
"Labor market puzzle is a matching issue, doesn't need further monetary policy easing."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen gaining 0.7% on the day at 90.53.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.