Fed's Kaplan: Would take material change in econ. outlook to support a rate change

Fed's Kaplan speaking to reporters in New York

Speaking to reporters in New York the Fed's Kaplan says:

• Would need a material change in outlook to support a rate change
• Risks more balanced relative to earlier in the year
• Should examine how rules treat treasuries versus reserves
• Trade uncertainty is about more than just China
• Growing corporate debt is a potential risk to economy and likely to be an amplifier in a downturn