- Dallas Fed president Kaplan: Zero rates likely appropriate until late 2022 or sometime in 2023
Market news
29 September 2020
Dallas Fed president Kaplan: Zero rates likely appropriate until late 2022 or sometime in 2023
- Fed should keep emergency lending facilities, consider other tools until the economy is on track to meet goals
- Need to do more to help small, mid-sized businesses access capital
- Fed should be willing to be accomodative after crisis, but have flexibility to raise rates
- Prolonged zero rates could cause financial market fragilities, excesses, imbalances
- Recovery has been faster than expected
- Lack of additional fiscal relief is key downside risk to forecasts
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