The Federal Reserve's current monetary policy is highly loose

Huitong Network2month28Daily News - Tuesday Beijing Time(2month28day)Chairman of the Dallas Federal Reserve2017yearFOMCTicket Commission Kaplan(Robert Kaplan)Give a speech.
Federal Reserve Kaplan: Action should be taken sooner rather than later, but gradually

monetary policy
Kaplan stated that the Federal Reserve is approaching inflation and employment targets, and action should be taken sooner rather than later. The meaning of "early, not late" is "in the near future", which can help the Federal Reserve avoid falling behind the curve.

He said that the Federal Reserve's current monetary policy is highly loose, but not extremely loose; We should reduce the looseness of policies, but it needs to be done gradually.

He also stated that even with several interest rate hikes this year, monetary policy may still be loose; Undoubtedly, low interest rates have caused distortion, but relatively low interest rates will continue to be maintained for some time.

He believes that neutral interest rates will be2.25%-2.5%Nearby; The Federal Reserve should allow the balance sheet to naturally shrink without affecting the market.

The US economy
Kaplan said,2016In the United StatesGDPThe growth is relatively volatile; The key factor in the US economy is consumption, with confidence2017The annual growth rate of the US economy will be faster than2%It is expected that the economic growth rate of the United States will expand to2.25%。

He stated that US household debt/GDPThe ratio is quite good.
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