Dallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed ...
FILE PHOTO: Dallas Federal Reserve Bank President, Robert Kaplan, stands on a stage at Stanford UniversityÕs Hoover Institution where he is attending an annual monetary policy conference in Stanford, California, U.S., May 4, 2018. REUTERS/Ann Saphir
“We’ll have to see where we go from here, and I’ll keep updating my judgment based on what we see in the economy,” Kaplan said at the University of Texas Rio Grande Valley. Interest rates, he said, “are about where they should be.” Kaplan did not address the market gyrations or the latest trade tension headlines in his talk. He instead reiterated his view that globalization and trade boost rather than hurt the U.S. economy, and said he is hopeful that the United States and China can resolve current tensions.
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