Dallas Fed Chairman Robert Kaplan, argued on Thursday that the supply problems of the US economy may be structural and that additional monetary policy is not well equipped to address them, as reported Reuters.
Featured statements
“The imbalances between supply and demand for materials and labor are challenging.”
“We hope to see more people return to the workforce when unemployment benefits end.”
“Employers’ complaints about hiring difficulties are worth taking seriously.”
“The conundrum of the labor market is a coincidental issue, it does not need more easing of monetary policy.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen gaining 0.7% on the day at 90.53.
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