Federal Reserve Bank of Dallas Chairman Robert Kaplan said Thursday that expect the unemployment rate to fall below 4% this year, as reported by Reuters.
Additional comments:
“The GDP of the United States will grow 6.5% this year, the risk is on the upside. “
“Some factors that drive short-term inflation will be resolved in 12 months“.
“PCE inflation will end this year at 2.25%; we will watch it closely.”
“I would like to start the discussions to talk about reducing purchases and bonuses sooner rather than later“.
“Since December, when the Fed set the substantial ‘further progress’ barrier to reducing bond purchases, we have seen more vaccination and more fiscal aid.”
“The phasing bar will be met sooner than you thought in January “.
“I don’t want to be preventive, but I don’t want to be late.”
“Buying Fed Bonds Can Create Excesses and Imbalances.”
“It will be much healthier as an economy when we can start to leave QE“.
“You’ll want to give advance notice of the bond buying phase-down and do it gradually.”
“It will not prejudge whether the cut should be completed before the Fed raises rates.”
“He hopes to meet the standards for the Fed rate hike sometime in 2022“.
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