Fed's Kaplan: Worried about excesses and imbalances in economy and housing market
|Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he is worried about excesses and imbalances in the economy and the housing market, as reported by Reuters.
Additional takeaways
"It's going to take a while to resolve supply-demand imbalances in labor market."
"Watching carefully if supply-demand imbalances feed into higher inflation."
"Committed to anchoring inflation and inflation expectations at 2%."
"As it becomes clearer we are emerging from the pandemic and making substantial progress, should begin to discuss tapering QE."
"If supply-demand imbalances go on, worry that it could get embedded in inflation expectations."
Market reaction
The US Dollar Index showed no immediate reaction to these remarks and was last seen losing 0.37% on a daily basis at 90.38.
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.