Dallas Federal Reserve Bank President Robert Kaplan said on Friday that he expects to see a surge in prices of more than 2.5% or 2.75% in coming months, as reported by Reuters.
Additional takeaways
“Getting less-educated workers back to the workforce and back to jobs is a challenge during the recovery.”
“Factors pushing up inflation include base effects, demand-supply imbalances, fiscal policy.”
“Haven’t changed my view that rates should start to rise in 2022.”
“Seeing excesses and imbalances in financial markets.”
“Fed should start talking about tapering bond-buying soon.”
Market reaction
The US Dollar Index edged modestly higher on these remarks and was last seen gaining 0.33% on the day at 90.93.
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