Fed's Kaplan: Patient and gradual interest rate hikes required by Fed until at least June 2019
|Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires with key quotes, via Reuters, found below.
- 10-year yield rise is signalling uncertainty over future growth prospects.
- Neutral rate could be lifted if there is higher productivity.
- Patient and gradual interest rate hikes required by Fed until at least June 2019.
- Fed is reaching its 2pct inflation target and do not believe inflation is going to run away from us.
- Fed has latitude on speed of rate hikes, however, higher inflation may challenge that next year.
- Believes that structural pressures are more deflationary.
- Technology, globalisation limiting pricing power.
- Cyclical inflation pressures are building.
- Inflationary pressures building given the tariffs, oil prices, and hot labour market.
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