Dallas Fed president Kaplan sees U.S. economy to grow in Q3 and Q4

Market news

10 July 2020

Dallas Fed president Kaplan sees U.S. economy to grow in Q3 and Q4

Says his base case is 2020 GDP decline of 4.5 to 5.0% in 2020 - Fox Business
U.S. has lots of excess capacity, expect disinflation
If we all wear a mask, the economy will grow faster
In the future there will be a point when Fed will need to show restraint, but during current crisis it's actions are appropriate

Before the bell: S&P futures -0.17%, NASDAQ futures -0.06%

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