Dallas Fed Chairman Robert Kaplan reiterated Thursday that it would rather the Fed take the accelerator off a bit sooner rather than later, as reported Reuters.
Featured statements
“The tailwind of spending for the US economy looks strong.”
“Right now, the balance of power is for the worker, who can expect a better job thanks to unemployment benefits.”
“Substantial progress means evidence that we have weathered the pandemic, that we are seeing.”
“Substantial progress also means progress in employment, inflation targeting.”
“It is essential to start talking about adjusting asset purchases.”
“I don’t think the housing market needs the support at the level that the Fed provides.”
“It would be healthy to discuss the Fed’s MBS purchases in light of the housing market.”
“It is a mistake to make a fiscal policy that relies heavily on the dollar as the reserve currency.”
Market reaction
Market participants do not seem to be paying attention to these comments. At the time of writing, the US dollar index it was up 0.7% on the day at 90.52.
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