Fed's Kaplan: Want to see more evidence of stronger inflation before hiking rates again

Eren Sengezer FXStreet

Dallas Fed President Robert Kaplan continues to give his remarks about the monetary policy at a Q&A session in Dallas, with the key quotes, via Reuters, found below:

Want to see more evidence of stronger inflation before raising rates again
Very comfortable with current level of Fed funds rate
Still open to the theory that recent inflation weakness is transitory
Want to see more data, be patient to see how secular forces are affecting inflation
Fed should begin letting the balance sheet run off before the end of the year
Will be very patient about making another rate hike

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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