Dallas Federal Reserve President Robert Kaplan said on Wednesday that he would welcome firmer inflation in that it’s consistent with economic growth but noted that the must monitor prices carefully, as reported by Reuters.
Additional takeaways
“Will be analyzing how much of firmer inflation is temporary versus persistent.”
“Further US fiscal stimulus would, all things equal, bolster growth, employment, inflation.”
“As the US weathers virus, it would be healthier to wean from extraordinary Fed policy as soon as possible.”
“Racing to vaccinate against coronavirus variants, managing virus is still the primary economic concern.”
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen gaining 0.5% on the day at 90.97.
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