Speaking from the Jackson Hole economic symposium

On July 16, Kaplan said:

  • Rate could could be warranted ongoing market signals but should be limited
  • Outlook for US economy has weakened as a result of trade uncertainty
  • Believes Fed funds rate will stabilize after one cut
  • Any cut would be tactical because economic indicators are not worrisome
  • Open to policy adjustment in light of market rates

Kaplan is a nonvoter.

NOTE. The interview is likely dependent on schedules at the conference. So the time could be delayed.