Fed officials: an urgent need to start reducing the Fed’s balance sheet
President of the Federal Reserve Bank of Dallas, Robert Kaplan on Friday said that we should start reducing the Fed’s balance sheet "very soon"Possibly as early as September, according to Dow Jones.
Speaking at an event in Mexico City, Kaplan noted that the United States are close to achieving full employment, which will contribute to the acceleration of inflation. At the same time, he noted that the upward pressure on wages will continue to grow.
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