Dallas Fed President Robert Kaplan recently crossed the wires saying that the U.S. economy is feeling the “cumulative impact” of rate hikes.
Key quotes (via Reuters)
- 2018 was a very good year for the U.S. economy, grew at 3pct.
- Fiscal stimulus reached a zenith in 2018, spending bill alone added half pct pt to GDP growth.
- Was hoping that tax cuts would boost productivity, but unlikely to bump up.
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