12 Jan 2016
Fed's Kaplan: Confident US inflation will rise to 2% by end of 2017
FXStreet (Bali) - Robert Kaplan, the new head of the Dallas Federal Reserve Bank, and a non-voted, in a speech to the Dallas chapters of Financial Executives International, said he is confident US inflation will rise to 2% by end of 2017.
Key headlines
Says he supported the Federal Reserve's December interest rate hikes
Says there are costs to keeping policy easy for too long
He expects more bouts of financial market volatility
Sees US GDP growing 2 pct to 2.5 pct in 2016
Expects US job growth to drive down jobless rate in 2016
Confident US inflation will rise to 2 pct by end of 2017
China's growth likely to slow, creating potential headwind to US, global economies
Global excess oil inventories likely won't fall until 2017
Prospect of oil exports from iran adds uncertainty, hurts prices
US oil production declines have been slow to materialize
Expects continued low oil prices, volatility
Key headlines
Says he supported the Federal Reserve's December interest rate hikes
Says there are costs to keeping policy easy for too long
He expects more bouts of financial market volatility
Sees US GDP growing 2 pct to 2.5 pct in 2016
Expects US job growth to drive down jobless rate in 2016
Confident US inflation will rise to 2 pct by end of 2017
China's growth likely to slow, creating potential headwind to US, global economies
Global excess oil inventories likely won't fall until 2017
Prospect of oil exports from iran adds uncertainty, hurts prices
US oil production declines have been slow to materialize
Expects continued low oil prices, volatility