|
Fed's Kaplan: Markets signaling sluggish growth in the future
Speaking at Centers of Growth breakfast conversation at Hearst, in New York, Dallas Fed President Robert Kaplan said that the markets were signaling toward a sluggish growth in the near future.
Key quotes (via Reuters):
- Wary of pushing Fed rates up to 10-year yields
- Potential for neutral rate even lower; cites potential decline in long-term GDP growth
- Worried about short-term tax cut that raises federal debt load, could harm long-term growth
- US worker mobility is near historic low, us lagging in worker development
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
More from Eren Sengezer
