• Fed’s Kaplan: Should have flexible and patient approach to polic

Market news

29 March 2019

Fed’s Kaplan: Should have flexible and patient approach to polic

  • Did not pencil in 2019 rate hike
  • Says yield curve is indicative of growth scepticism
  • Calls current monetary policy stance "Mildly accommodative, within neutral territory"
  • Expects Q1 data to be "a bit noisy" due to shutdown
  • Says he is open to using a Range tools, incl. repo facility to set rates

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