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Dallas  Federal Reserve Bank  President Robert Kaplan is the latest to join the chorus of Fed policymakers associating the recent dip in inflation with transitory factors.  

While talking to Bloomberg, Kaplan said that he is not inclined yet to lower rates to deal with inflation and added further that there is no bias for the next rate move being up or down.  

Key quotes

“Watching credit cards, auto loans carefully.”

“Consumer balance sheets are In reasonably good shape.”

“Trying to flag issue of risky corporate debt, which could become a burden on the economy during the downturn.”