Fed’s Kaplan: Worried about excesses and imbalances in economy and housing market

Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he is worried about excesses and imbalances in the economy and the housing market, as reported by Reuters.

Additional takeaways

“It’s going to take a while to resolve supply-demand imbalances in labor market.”

“Watching carefully if supply-demand imbalances feed into higher inflation.”

“Committed to anchoring inflation and inflation expectations at 2%.”

“As it becomes clearer we are emerging from the pandemic and making substantial progress, should begin to discuss tapering QE.”

“If supply-demand imbalances go on, worry that it could get embedded in inflation expectations.”

Market reaction

The US Dollar Index showed no immediate reaction to these remarks and was last seen losing 0.37% on a daily basis at 90.38.

FX

Articles You May Like

Shares of Nextracker soar on stellar earnings. What we need to see before upgrading the stock
Dollar Shrugs Poor Durable Orders; AUD Awaits Inflation Data
Nasdaq Futures Analysis
Gold Price Today: Yellow metal prices open higher at Rs 80,355/10 gram, silver flat
Japanese Yen remains on the back foot against USD; focus remains on Fed

Leave a Reply

Your email address will not be published. Required fields are marked *