- Dallas Fed president Kaplan: US economy will grow at healthy rate in Q3 and Q4 but rebound won't be as pronounced due to resurgence of the virus
Market news
6 August 2020
Dallas Fed president Kaplan: US economy will grow at healthy rate in Q3 and Q4 but rebound won't be as pronounced due to resurgence of the virus
- Notes that monetary policy and fiscal policy are only a bridge to managing health care crisis
- One area where aid hasn't been as effective is help to small and mid-sized businesses
- Fed's asset purchases are not free and may ultimately have an effect on the dollar, don't want to do more than we have to
- Concerned about the growth of US government debt and the implications this has for US
- Rates are going to stay low until we make more progress on goals of maximum employment and price stability
- Says he will keep an open mind about yield curve control (YCC)
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