Fed’s Kaplan: Fed to use patience as a tool

Fed’s Kaplan: Fed to use patience as a tool

Dallas Fed President speaks

Speaking on CNBC

  • we are a little below neutral policy rate
  • He is seeing high level of uncertainty
  • He thinks the Fed ought to be very gradual impatient
  • We have the luxury of patience with muted inflation
  • Says inflation isn’t running away from US
  • companies are widely affected by trade tensions
  • If global growth slows, US won’t be immune
  • Sees growth slowing next year. Does not see a bad year though. 

Yesterday in the Beige Book, the Dallas and Philadelphia Fed reported “slower growth”. Kaplan is not a voting member in 2018 or 2019. 

ForexLive

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