The Chairman of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that it is concerned about excesses and imbalances in the economy and the housing market, as reported Reuters.
Featured statements
“It is going to take a while to resolve the imbalances between supply and demand in the labor market.”
“I will watch carefully if imbalances between supply and demand fuel higher inflation.”
“We are committed to anchoring inflation and inflation expectations at 2%.”
“As it becomes clear that we are emerging from the pandemic and making substantial progress, we should begin to discuss the gradual reduction of QE.”
“If the imbalances between supply and demand continue, there are concerns that they could be integrated into inflation expectations.”
Market reaction
The US Dollar Index did not show an immediate reaction to these comments and was last seen shedding 0.37% on the day at 90.38.
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