Fed's Kaplan says there are some uncertainties for US consumers

Author: Mike Paterson | Category: Central Banks

US Dallas Fed's Kaplan speaking to BBG TV 20 April

  • especially in healthcare law
  • household balance sheets in relatively good shape
  • longer term US GDP growth still challenging but expects a little better growth than data suggests
  • core inflation continues to move up gradually and slowly
  • 3 rate hike median for 2017 still a good baseline
  • 10 year yields partly reflect geo-political risk
  • not factoring fiscal policies to his f/casts
  • Fed is still accommodative but not as much as people think

Well prove otherwise Mr K. You're now a voting member rotated in this year.

  • thinks it appropriate to give action plan on reducing balance sheet for 2-3 months before Fed begins
  • could start unwind later 2017 or early 2018
  • Fed's Yellen is an excellent leader

Interview over.

USD understandably unfazed by any of the windy-pops . USDJPY 109.07 GBPUSD 1.2793 EURUSD 1.0745