More Kaplan: Risks to forecast are to the downside

More from Dallas Fed Pres. Kaplan (non-voter in 2019)

• risks to forecast are to the downside
• recent slowing due more to trade uncertainty and global weakness that monetary policy
• watching credit conditions, which are currently robust, and treasury curve
• its relevant that the Fed funds is above whole yield curve
• whole yield curve moving down has eased financial conditions
• Fed staying where it is, above the treasury yield curve, will create distortions, challenges
• downward move in the curve has been stimulated