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Fed’s Kaplan Says Not Sure Economy Can Avert Severe Slowdown

  • Kaplan watching for business caution to spread to households
  • Minneapolis’s Kashkari says likely Fed will need to cut again
Updated on

The “jury is out” on whether the current slowdown in the U.S. economy will turn more severe amid weaker global growth and uncertainty over trade policy that’s chilling investment, according to Federal Reserve Bank of Dallas President Robert Kaplan.

“I think we’re in a fragile period in here, which is why I am glad the Fed has taken some action in July and September,” Kaplan said Thursday in an interview with Michael McKee on Bloomberg Television. “But I think this could go either way. We can avert a more severe slowdown, but I think the jury is out right now.”