In the Margins

Kaplan: 'I intend to be patient' with inflation data

May 22, 2017

By Reuters

The Federal Reserve is making progress toward its goals of stable prices and full employment, and therefore should keep raising interest rates and begin trimming its balance sheet, Dallas Fed President Robert Kaplan said on Monday. However, he has not yet declared victory on the inflation front. "I am cognizant that progress toward our 2% inflation goal has been slow and, at times, uneven," Kaplan said. "I intend to be patient in critically assessing upcoming data to evaluate whether we are continuing to make progress in reaching our inflation objective." Read the original story from Reuters.