Dallas Federal Reserve Bank President Robert Kaplan stated on Friday that he’s apprehensive about excesses and imbalances within the economic system and the housing market, as reported by Reuters.
“It is going to take some time to resolve supply-demand imbalances in labor market.”
“Watching rigorously if supply-demand imbalances feed into greater inflation.”
“Dedicated to anchoring inflation and inflation expectations at 2%.”
“Because it turns into clearer we’re rising from the pandemic and making substantial progress, ought to start to debate tapering QE.”
“If supply-demand imbalances go on, fear that it might get embedded in inflation expectations.”