Fed's Kaplan: Negative interest rates are off the table for the Fed
|"If there's more for the Fed to do, it would be with treasury to help companies," Dallas Federal Reserve President Robert Kaplan said on Tuesday, as reported by Reuters.
Additional takeaways
"Potential GDP growth after 2023 will return to being sluggish."
"Financial conditions are relatively loose."
"Once we have weathered the pandemic, will have conversations about tapering programs."
"It's not appropriate for the Fed to be involved in making choices between industries."
"Negative interest rates are off the table for the Fed."
Market reaction
The US Dollar Index doesn't seem to be paying any mind to these comments and was last seen posting small daily gains at 92.88.
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.