Fed’s Kaplan: It will take a while for inflation to get back to 2%

Forex

Fed’s Kaplan: It will take a while for inflation to get back to 2%

Comments from Kaplan on Bloomberg TV

  • Technology-enabled disruption is putting downward pressure on prices
  • Fed needs to be conscious of financial stability and excesses that could exist as a result of their policies
  • I don’t view average inflation targeting as a radical change, it’s an affirmation of how we’ve been operating for some time
  • Says he would prefer to wait for more clarity on the path of the virus before Fed gives more forward guidance
  • I, for one, will not take higher inflation lightly
  • I think it’s very important that we indicate that the pandemic programs will lapse
  • I’m particularly concerned about debt buildup
  • Thinks unemployment will end the year near 8% unless there is a greater resurgence of the virus
  • I would prefer to wait on the path of virus before giving more forward guidance

For bank trade ideas, check out eFX Plus

Let’s block ads! (Why?)

Forexlive RSS Breaking news feed

Leave a Reply

Your email address will not be published. Required fields are marked *