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Dallas Fed President Rob Kaplan (voter) at......>

FED
FED: Dallas Fed President Rob Kaplan (voter) at Money Marketeers event said he
won't make decision on QE policy until fall. Wants to see how labor market
indicators evolve first. 
- Have "certain concerns" about yield curve control creating distortions in the
pricing mechanisms of the Treasury curve, but "wouldn't rule it out." Would wnat
to see a need for YCC and Treasury yields relatively low right now. 
- Outcome-based forward guidance may be appropriate, but also useful to give
people a sense of duration. Don't want to make a forward commitment without a
chance to revisit it. 
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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