Earlier remarks from Robert Kaplan, president of the Federal Reserve Bank of Dallas speaking at an event in Dallas
Fed's Kaplan still expecting 2.25% growth for US in 2017, & lower unemployment rate
- More from Fed's Kaplan: Federal Reserve should be patient on rates
More now again:
- Says believes Harvey's impact on gas prices will be temporary
- Says higher gas prices reduce consumer spending but ultimately will return to a more equilibrium price
- Harvey does not change view that fed should start trimming balance sheet as soon as possible
- Believes fed can begin trimming balance sheet without big impact on markets
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Putting together all of Kaplan's comments leaves little doubt he is in the 'trim the balance sheet' as soon as we can camp.
