Fed’s Kaplan (dove, non-voter): trade issues with China are going to be going on for a long time - Bloomberg TV interview
- Upward slope to US yield curve suggest monetary policy is in roughly the right place
- No evidence that jobs market is doing anything than getting tighter
- Not seeing weakness in manufacturing spreading
- Potential growth, labor market, financial stability among a variety of factors I will weigh in determining monetary policy decisons
- Reality that technology weighs on pricing power and that is here to stay
- Still willing to tolerate overshoot of 2% inflation target as long is I don't see it as persistent
- Watching corporate bond markets closely looking for excess and potential imbalances; concerned B and BB spreads are so tight
- Negative rates may be example of Central Banks doing too much; repeats Fed would like to avoid negative rates