Dallas Fed President Robert Kaplan remains convinced of the resilience of the US economy against the Delta variant and does not change his mind that a US rate hike in 2022 would be appropriate.
Interviewed by Yahoo Finance, Kaplan pointed out that the purchases of assets that Jerome Powell’s Federal Reserve is carrying out with its QE program, worth $ 120 billion a month, have done their homework and are now no longer there. suitable for the situation.
Again, “the housing market does not need any further support from the Fed”.
On the inflation front, “the difficulty in hiring new workers could continue for a significant period of time, impacting prices”. In short, the banker said he was in favor of tapering QE.
The expectation is growing on the markets for Jerome Powell’s speech, which will be delivered today at 4 pm Italian time by Jackson Hole, on the occasion of the symposium that opened – virtually again this year due to the Covid-19 pandemic – in the yesterday.