Fed's Kaplan - Waiting too long to raise rates may leave Fed behind the curve

Comments from Dallas Fed President Robert Kaplan crossing the wires via Reuters-

  • Waiting too long to raise rates may leave Fed behind the curve, boost odds of recession
  • intends to keep an open mind on raising US interest rates at upcoming Federal Reserve meetings
  • US is making good progress on full employment goal
  • Cyclical inflation pressures are building, but muted by secular forces limiting pricing power
  • Will be looking for signs that cyclical inflationary pressures can offset structural headwinds

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