Federal Reserve Bank of Dallas Chairman Robert Kaplan said Tuesday that the monetary policy of the United States Federal Reserve is one of the reasons for the rise in asset values, adding that he is concerned about the taking of excessive risks, as reported by Reuters.
Featured statements
“The number one determinant of interest rates globally is future growth prospects.”
“A slightly higher rate due to more optimistic growth rates could be a good thing.”
“We will see inflation readings higher than what we are used to; it will settle at 2.25% by the end of the year.”
“The jury is out on the outlook for inflation, watching inflation very closely.”
Market reaction
The US Dollar Index did not show an immediate reaction to these comments and was last seen gaining 0.32% on the day at 91.27.
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