In an interview with Bloomberg TV on Monday, Dallas Federal Reserve Bank President Robert Kaplan said that he expects zero rates will be appropriate for the next two-and-a-half to three years. Additional takeaways “By 2023, the US could start to approach 3.5% unemployment.” “Once the US gets to the point of lower unemployment, not sure Fed needs to still leave rates at zero.” “Not sure how much benefit the Fed’s new rate vow would deliver, concerned about excess risk taking.” “Believed costs of new low rate vow was not worth the benefits.” “Forecast of strong growth for this year assumes some further fiscal support.” “Market cap to GDP is at historic highs, and normally some kind of correction can be helpful.” “Monetary policy is not primary driver of economic outlook now; that’s the virus.” “Fed is looking at ways to make Main Street Lending Program more attractive.” Market reaction The US Dollar Index largely ignored these remarks and was last seen gaining 0.3% on the day at 93.29. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s Lagarde: Recovery remains very uncertain, uneven and incomplete FX Street 2 years In an interview with Bloomberg TV on Monday, Dallas Federal Reserve Bank President Robert Kaplan said that he expects zero rates will be appropriate for the next two-and-a-half to three years. Additional takeaways "By 2023, the US could start to approach 3.5% unemployment." "Once the US gets to the point of lower unemployment, not sure Fed needs to still leave rates at zero." "Not sure how much benefit the Fed's new rate vow would deliver, concerned about excess risk taking." "Believed costs of new low rate vow was not worth the benefits." "Forecast of strong growth for this year assumes… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.