Fed's Kaplan (non-voter): US is flirting with yield curve inversion

Author: Greg Michalowski | Category: Central Banks

Fed's Kaplan.  nonvoting FOMC member in 2019

Federal Reserve's Kaplan
The Fed's Kaplan is on the wires saying:
  • US is flirting with yield curve inversion that is pointing to expectations for sluggish growth ahead
  • Thinks the labor force willl tighten further
  • Expects inflation to gradually move up to 2%
  • Trimmed Mean is running just below 2%
  • Expects solid 2.25% to 2.5% growth rate in 2019
  • We have the ability to run the economy a little hotter
  • We are in the neighborhood of neutral
  • I think we are at the right policy setting
  • I am agnostic as to raise or lower policy
  • Want to be patient here
  • Wants to avoid creating excesses and imbalances in the US economy
  • To soon to say what US China tariffs will do to currency, inflation
  • It would be prudent to moderate US debt growth

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