Fed's Kaplan: If unemployment rate rises, that could be sign of a coming recession
|Dallas Federal Reserve Bank President Robert Kaplan is crossing the wires, arguing that a rise in the unemployment rate could be taken as a sign of a coming recession.
Key quotes (via Reuters)
Gradual wind-down on balance sheet began when thought it was unlikely to soon return to zero interest rates.
I see 2 pct plus growth for U.S. economy next year.
I have confidence in economic growth because households leverage has fallen.
Powell as Fed chair signifies continuity, new Fed governors like quarles may have new views.
The Fed should review its governance, its frameworks, its targets, and supervision of small banks.
Any good organization needs to make changes, Fed has a good process to debate ideas.
Some of low market volatility may be due to Volcker Rule, would welcome a review of it.
Stress tests and capital requirements for big banks are not hurting U.S. economic growth.
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.