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Fed s Kaplan warns on imbalances, wants to talk taper
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4/30/2021 2:28:54 PM GMT | By Eren Sengezer
Dallas Federal Reserve Bank President Robert Kaplan said on Friday that is concerned about potential leverage, excess risk-taking in the nonbank financial system and added that they need more visibility, as reported by Reuters. If the world grows more slowly, the US economy will grow more slowly than it would otherwise, Kaplan added. Vaccinations are the primary economic development tool worldwide.
Market reaction
These comments don t seem to be having a significant impact on the greenback s performance against its rivals. As of writing, the US Dollar Index was up 0.35% at 90.95. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your
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ASIA:
The US and China have long had a tumultuous relationship, but now Beijing has said that it would like to remain diplomatic partners with the US so long as the nation respects its domestic policies. “It is normal for China and the US to have some differences, but the key is to have mutual respect, equal treatment, and control and handle China-US relations in a constructive way to ensure it is on the right path of development.” Beijing’s top diplomat Yang Jiechi stated. Jiechi said China would “definitely not” accept anyone challenging their current Communist party and also stated it did not intend to impose its communistic policies on other countries.
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