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FED
FED: Fed's Kaplan: Unclear Right Now Coronavirus Calls for Rate Change (WSJ)
- Federal Reserve Bank of Dallas President Robert Kaplan said Tuesday events are
still too fluid around the coronavirus outbreak to say the U.S. central bank
needs to lower short-term rates, as many in financial markets now think is
likely. "We are still in the heat of this and there's just a lot of uncertainty,
so anytime you are in the middle of something where there's a lot of uncertainty
and you know that in the next three or four weeks some of that uncertainty is
going to get cleared up, either for better or worse, I think it pays to be
patient," Mr. Kaplan said in an interview with The Wall Street Journal.
- Link: https://tinyurl.com/r2jeo2m
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com