Fed's Kaplan says his base case is 2020 GDP decline of 4.5 to 5.0% in 2020

Author: Adam Button | Category: Central Banks

Kaplan on US growth in a Fox Business interview

  • US has lots of excess capacity, expect disinflation
  • He sees US growth in Q3 and Q4
  • If we all wear a mask, the economy will grow faster
  • In the future there will be a point when Fed will need to show restraint, but during current crisis it's actions are appropriate
Spoiler: The Fed will never show restraint.

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