Federal Reserve’s Kaplan: Concerned that the manufacturing slowdown will intensify
Federal Reserve’s Kaplan has said that that Fed has come to the conclusion that the system needs more reserves than the US has.
- The US is consumer is strong and sees growth about 2% this year.
- Concerned that the manufacturing slowdown will intensify.
- Job at the Fed is to make sure to avert a slowdown.
- Program to buy treasury bills not related to monetary policy.
- US economy is mixed.