Fed’s Kaplan: Should unwind balance sheet in a way that minimises impact
|Comments from Fed’s Kaplan crossing the wires via Bloomberg and Reuters – The Fed should unwind the balance sheet in a way that minimises impact.
The Fed minutes released yesterday showed nearly all policy makers agree to reduce balance sheet later this year.
Key quotes
Fed is still below 2% inflation
Progress of inflation is slow and even
Should remove accommodation patiently
Rates hikes could be more gradual than once a quarter
US close to getting full employment
US can’t grow debt to boost GDP any more
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