Search ForexCrunch

Dallas Fed President Robert Kaplan, speaking to CNBC this Thursday, said that we are willing to tolerate inflation about 2%, if not persistent.

Key quotes:

   “¢   We don’t need to have a catch up to inflation.
   “¢   Can run a little above and a little below.
   “¢   Want to run around 2% and a little above it but if persists it would impact his policy decision.
   “¢   Neutral rate is 2-1/2 – 2-3/4%, should raise rates gradually to the neutral rate.
   “¢   US in global supply demand in oil now.
   “¢   We are going to be very susceptible to global shocks.
   “¢   There are risks in the emerging markets.
   “¢   Not there on concerns about emerging markets.
   “¢   Think technology is effecting productivity.