Dallas Fed’s Kaplan on CNBC is making comments, ending the interview now.
Key comments:
- Sees 2% growth in 2020.
- Sees risks a little bit more to the downside.
- Impossible’ to know how serious crisis is ‘as it starts.
- Expects solid growth so long as the consumer is strong.
- Backed the Fed’s July rate cut.
- Would like to take further action on rates.
- Need a policy that fits US economy.
- Open minded on adjustment if see continued weakness.
More to come:
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