Fed's Kaplan: Feels the US can skate thorough a fragile period of global growth
|Robert Kaplan, president and CEO of the Federal Reserve Bank of Dallas is crossing the wires.
Fed's Kaplan comments:
- "US can skate through a fragile period of global growth."
- "Odds of recession in the next 12 months are relatively low."
- "Amount of negative yielding debt in the world shows pessimism about growth and a need for change in the world towards more fiscal policy and structural reform."
- "Repo crunch last week shows system needs more liquidity, expects Fed to examine the future path of the balance sheet."
- "Repo problems last week are not indicative of broader stress but it's "critical" the overnight financing market works smoothly."
- "Expects the Fed to examine the future path of the balance sheet."
- "I feel the current policy setting is on the margin of being a little accommodative."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.