Fed's Kaplan: Technology, globalization is holding down U.S. inflation

Eren Sengezer FXStreet

Dallas Fed President Robert Kaplan continues to give his remarks, via Reuters, with the key quotes found below:

Fed should begin trimming balance sheet sometime before the end of 2017
Technology, globalization is holding down U.S. inflation
Should expect that as labor markets get tighter, eventually there will be upward price pressures
Need to remove some amount of accommodation, then be patient to wait to see signs of inflation
Believes recent weak inflation will turn out to be transitory, wants to see more evidence
Need to be careful about raising rates further if 10-year Treasury yield stays where it is
Universal income should be studied, but hopeful it won't be necessary

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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