- Fed's Kaplan says U.S. interest rate setting 'roughly appropriate'
Market news
18 February 2020
Fed's Kaplan says U.S. interest rate setting 'roughly appropriate'
Says he sees no change in Fed funds rate though this year
He hopes Fed balance sheet will expand only gradually once reserves meet ample levels of $1.5 trillion
Expects pace of balance sheet expansion to moderate significantly over first half of 2020
Supports review of treatment of Treasury bills in bank liquidity management
He is open to other options for limiting growth of Fed balance sheet
Sees slower U.S. oil output and 10-15% drop in oil sector capex in 2020
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