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
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