Fed's Kaplan: Concerned about excess risk-taking in nonbank financial system

Eren Sengezer FXStreet

Dallas Federal Reserve Bank President Robert Kaplan said on Friday that is concerned about potential leverage, excess risk-taking in the nonbank financial system and added that they need more visibility, as reported by Reuters.

"If the world grows more slowly, the US economy will grow more slowly than it would otherwise," Kaplan added. "Vaccinations are the primary economic development tool worldwide."

Market reaction

These comments don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.35% at 90.95.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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