Fed's Kaplan: Want to see more evidence of stronger inflation before hiking rates again

Dallas Fed President Robert Kaplan continues to give his remarks about the monetary policy at a Q&A session in Dallas, with the key quotes, via Reuters, found below:

Want to see more evidence of stronger inflation before raising rates again
Very comfortable with current level of Fed funds rate
Still open to the theory that recent inflation weakness is transitory
Want to see more data, be patient to see how secular forces are affecting inflation
Fed should begin letting the balance sheet run off before the end of the year
Will be very patient about making another rate hike

Jun 16, 2017

Fed's Kaplan: Fed should be very cautious, patient in raising rates further

Speaking at a Q&A event, Dallas Fed President Robert Kaplan said that the Fed should be very cautious and patient in raising rates further. Key quote

USD: Near a transition from strength to weakness - Wells Fargo

According to analysts from Wells Fargo, the US dollar could have some corrective strength over the next months bases on the recently FOMC meeting...