Fed’s Kaplan (non-voter, neutral) says he was in favour of the rate cut in July as Fed has to be forward looking, his expectations for growth are about 2% with risks tilted to the downside, as long as consumers stays strong we will have solid growth
- Taking time to assess all incoming data ahead of September FOMC
- Focused on growth expectations and potential
- Would like to avoid taking further action on rates
- Cutting rates impacts savers and encourages them to take more risk
22 Aug 2019 - 20:20- Fixed IncomeData- Source: Newswires
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