Earlier remarks from Robert Kaplan,¬†president¬†of the Federal Reserve Financial institution of Dallas talking at an occasion in Dallas
Extra now once more:
- Says believes Harvey's influence on fuel costs will probably be momentary
- Says greater fuel costs scale back shopper spending however finally will return to a extra equilibrium worth
- Harvey doesn't change view that fed ought to begin trimming stability sheet as quickly as attainable
- Believes fed can start trimming stability sheet with out massive impression on markets
Placing collectively all of Kaplan's feedback leaves little doubt he's within the 'trim the stability sheet' as quickly as we will camp.