Fed's Kaplan: Favors a pause once rates get to neutral

More from Kaplan:

  • 'Still hopeful' can hike gradually without inverting yield curve

  • Treasury yield curve is worth paying attention to

  • Neutral rate may be 2.50%-2.75%

  • Sees GDP at 3% this year, 2.75% in 2019 and 2.5% in 2020

That's the first non-dove who has talked about pausing. That's dovish and it might be part of the reason USD/JPY is sliding.

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