Fed’s Kaplan isn’t looking for a pause in rate hikes
|Federal Reserve Bank of Dallas President Robert Kaplan calls three rate hikes as a reasonable base line and balance sheet trimming as an appropriate step in the future.
Key quotes
Fed should trim balance sheet in a gradual and predictable way
Fed should let both MBS and Treasuries to run off balance sheet
Anything that would imperil healthy US consumer would pose a risk to economic outlook
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