Fed's Kaplan: If trade tensions moderate, downside risks would also decrease
Concerned slowing global growth, manufacturing weakness could spread to broader economy of the United States (US).
Would prefer not to make the mistake of waiting to see consumer spending weaken before taking action.
Will carefully monitor the US yield curve.
Market-determined rates showed the Fed policy was too tight before rate cuts in July and September.
Mindful of potential excesses, imbalances that can result from keeping rates too low.
The US economy is at or past full employment.
Expect US inflation to reach 2% target over the medium term.
10 Oct 19 (Thu)
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