- Dallas Fed President Kaplan: There's an increasing argument for action because of trade
Market news
23 August 2019
Dallas Fed President Kaplan: There's an increasing argument for action because of trade
- I haven't made a decision about the September meeting yet
- By the time weakness spreads from manufacturing to consumer, it might be too late
- Every business says available and cost of capital is not my problem
- I don't think monetary policy is causing a slowdown, and I don't think it would be enough to arrest a severe decline
- I'm open to an adjustment in September or in the next few meetings
- I noticed that August consumer sentiment numbers were a bit weaker
- So long as the U.S. consumer is strong, the economy will stay strong
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