Fed's Kaplan: Future removal of accommodation should be done patiently, gradually

Eren Sengezer FXStreet

In a published essay on Thursday, Dallas Federal Reserve Bank President Robert Kaplan said that future removal of accommodation should be done patiently, gradually.

Key quotes (via Reuters):

Would like to see greater evidence that inflation is moving toward fed's 2-pct goal
Will be appropriate to begin trimming balance sheet later this year
U.S. GDP growing slightly above 2 pct in 2017, removing remaining slack from labor market
Recent weak inflation may be transitory, but is patient, open-minded on outlook
Per-barrel oil price in $40s to low $50s range for rest of 2017

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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