Fed's Kaplan: Policymakers reacting to dramatically improved economic outlook

Commenting on the FOMC's latest Summary of Economic Projections, Dallas Fed President Robert Kaplan said that policymakers are reacting to the dramatically improved economic outlook, as reported by Reuters.

Additional takeaways

"Dallas Fed still expects GDP growth of about 6.5% in 2021."

"Expecting unemployment rate to drop to about 4% to 4.5%."

"Accelerated vaccinations, substantial fiscal policy is leading to greater mobility."

Market reaction

These comments don't seem to be helping the USD regain its traction. As of writing, the US Dollar Index was down 0.35% on a daily basis at 92.00.