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11 Aug 2017
Fed's Kaplan: Healthy to begin shedding U.S. bond holdings
Dallas Fed President Robert Kaplan is out on the wires, with the key quotes, via Reuters, found below:
- Want to see more evidence of progress toward inflation goal before raising rates again
- 'Patient' on rate hikes since 'neutral rate' closer to 2 pct than 3 pct
- Should 'make sure' to understand U.S. inflation data before taking 'next step' on rate hikes
- Expects Fed to make balance sheet announcement 'soon'