Dallas Fed head Kaplan speaking to CNBC 30 May

  • concerned about recent data
  • balance sheet should be substantially less than it is today
  • still believe US GDP can grow 2% this year
  • 3% growth requires productivity boost
  • tax reform would be helpful
  • tight labour market shd boost inflation
  • not factoring fiscal policy into his f/casts
  • bond market suggests sluggish economic growth
  • some correction in the stock market could be healthy

There's a few been echoing that last one for years, and getting burnt.

Meanwhile EURUSD 1.1150, USDJPY 110.97 GBPUSD 1.2865 USDCHF 0.9772 all finding rally sellers but enjoying dip demand too.

Dallas Fed's Kaplan - 2 more hikes in 2017