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12/01/16
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12/01/16
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More from Fed's Kaplan: the strengthening dollar

More from Fed's Kaplan: the strengthening dollar "must be taken into account" in setting policy, said the Dallas Fed moderate, which is about as direct a shot across bows as the usually agnostic Fed is on the buck. Yet he notes that the current GDP forecast remains intact and he wants to be patient and let events develop. Kaplan expects policies that increase GDP (presumably fiscal) will have a positive effect on the neutral rate. Again more Q&A here.

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