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MNI BRIEF: Kaplan: Dallas Fed's Own Forecasts Little Changed

(MNI) WASHINGTON
WASHINGTON (MNI)

Dallas Fed President Rob Kaplan said Monday his bank's economic outlook has not shifted dramatically since March, despite better than expected progress on vaccinations and substantially more fiscal stimulus.

He marked up his headline inflation estimate to 3.4% for the year but left the unemployment rate forecast at about 4% by year-end. "At this point we're probably a little bit shy of other more aggressive projections," he told a financial forum Monday.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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