Home Fed’s Kaplan: Should wean economy at earliest opportunity from super-easy policy
FXStreet News

Fed’s Kaplan: Should wean economy at earliest opportunity from super-easy policy

“We should wean the economy at the earliest opportunity from the super-easy Federal Reserve policy,”  Dallas Federal Reserve Bank President Robert Kaplan said on Friday, as reported by Reuters.

“The challenge will be finding the balance  between being too preemptive and being too late on policy,” Kaplan added.

Market reaction

The greenback failed to capitalize on these bullish remarks. As of writing, the US Dollar Index (DXY), which tracks the USD’s performance against a basket of six major currencies, was down 0.1% on the day at 91.57. On a weekly basis, the DXY is down 0.66%.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.