• Fed's Kaplan: Weaker dollar has been useful to U.S. economy

Market news

18 August 2017

Fed's Kaplan: Weaker dollar has been useful to U.S. economy

  • Without NAFTA trade deal, U.S. jobs would be lost to Asia

  • Need to be careful on future rate hikes given warning from low bond yields

  • Low 10-year bond yield says expectations of future U.S. growth are sluggish

  • To shed bonds 'in near future'; would like to see more progress on inflation before consider another rate hike

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