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Fed official wants patience on rate hikes, hints of balance sheet trim

Robert Kaplan supported the Fed's two interest-rates hikes so far this year

Reuters  |  Mexico City 

Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the United States (US) central bank could begin to allow its $4.5 trillion balance sheet to shrink "as soon as September," but that on interest rate hikes, he wants to be patient. Speaking with reporters in Mexico City after a speech, Kaplan said he is hopeful that winding down the balance sheet in a gradual and predictable way will reduce swings in financial markets. At the same time, Kaplan reiterated his view that while the US is near full employment, inflation has been muted, and he would like ...

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First Published: Fri, July 14 2017. 23:58 IST