"The appropriate path of policy is to stay where we are," Dallas Fed President Robert Kaplan(pic), who is a voting member of the Fed's rate-setting committee next year, said at an event hosted by the Council on Foreign Relations in New York. He added that he had "pencilled in" no changes to borrowing costs in 2020.
NEW YORK: Two Federal Reserve policymakers on Tuesday made clear that they back the central bank's current stance, echoing words by other policymakers last week that interest rates are in a sweet spot heading into 2020 and that the bar to cutting or raising them will be high.
"The appropriate path of policy is to stay where we are," Dallas Fed President Robert Kaplan, who is a voting member of the Fed's rate-setting committee next year, said at an event hosted by the Council on Foreign Relations in New York. He added that he had "pencilled in" no changes to borrowing costs in 2020.
Limited time offer:
Just RM5 per month.
