Dallas Federal Reserve President Robert Kaplan said on Wednesday that he would welcome firmer inflation in that it’s consistent with economic growth but noted that the must monitor prices carefully, as reported by Reuters.
“Will be analyzing how much of firmer inflation is temporary versus persistent.”
“Further US fiscal stimulus would, all things equal, bolster growth, employment, inflation.”
“Racing to vaccinate against coronavirus variants, managing virus is still the primary economic concern.”
The US Dollar Index showed no immediate reaction to these comments and was last seen gaining 0.5% on the day at 90.97.