Market news
10.10.2019, 12:51

Dallas Fed president Kaplan: Mindful of potential excesses, imbalances that can result from keeping rates too low

Says he will take some time to carefully monitor developments after rate cuts

Says he will be highly vigilant, keep an open mind on further easing

Concerned about slowing global growth

Says downside risks would decrease if trade tensions moderate

Worried that U.S. manufacturing weakness could spread to broader U.S. economy

Market-determined rates showed policy was too tight before rate cuts

Says U.S. economy is at or past full employment

Expects inflation to reach 2% target over medium-term

Expects 2.1% US GDP growth this year

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