In an interview with CNBC on Wednesday, Dallas Fed Chairman Robert Kaplan, said the Consumer Price Index figures were consistent with the Federal Reserve’s inflation outlook, as reported Reuters.
Featured statements
“The Fed still expects an extension of inflationary pressures until next year.”
“The Fed must be vigilant that inflation continues above 2%.”
“The Fed has to be ready to react no matter how inflation develops.”
“If the economy develops between now and the September meeting, in favor of announcing a plan at the September meeting and starting to wind down in October.”
“There is a wide range of opinions in the Fed on when to cut it.”
“The FOMC is in a much better place in terms of downsizing than it was two months ago.”
“Asset purchases are equipped to stimulate demand, but the current problem is supply.”
“I’d rather hit the gas soon.”
“We don’t want the Fed to run at this speed for too long and the Fed to have to take more aggressive action later.”
“I would like the reduction to take place in a period of 8 months.”
“We will analyze different criteria to raise interest rates.”
“Asset purchases are not well suited to today’s US economy.”
Market reaction
The US Dollar Index remains on the defensive after these comments and was last seen shedding 0.25% on the day at 92.83.
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