Fed's Kaplan: Technology, globalization is holding down U.S. inflation
|Dallas Fed President Robert Kaplan continues to give his remarks, via Reuters, with the key quotes found below:
- Fed should begin trimming balance sheet sometime before the end of 2017
- Technology, globalization is holding down U.S. inflation
- Should expect that as labor markets get tighter, eventually there will be upward price pressures
- Need to remove some amount of accommodation, then be patient to wait to see signs of inflation
- Believes recent weak inflation will turn out to be transitory, wants to see more evidence
- Need to be careful about raising rates further if 10-year Treasury yield stays where it is
- Universal income should be studied, but hopeful it won't be necessary
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