Published On: Mon, Apr 16th, 2018

Feds Kaplan very concerned fiscal stimulus will turn into a headwind in 3-5 years

Share This
Tags


Speaking in Florida

He adds:

  • We cannot cut immigration and also grow GDP and the workforce
  • Does not see inflation running away even though we will see wage pressures
  • Expects 3 rate hikes this year,more next year
  • 10 year yield of 2.85% puts a limit on how high they can raise rates
  • He does not have a problem with the Fed policy being restrictive
  • Does not want to create an inversion in the yield curve.
  • Outyear sluggish growth will affect yield curve
  • US needs of China negotiations, but we should work it out

Kaplan is the President of the Dallas Fed and is not a voting member of the FOMC in 2018.  He is speakinga at the International Economic Forum of the Americas World Strategic Forum in Coral Gables Florida



Source link

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

/