Economics
Robert Kaplan Says Steeper Yield Curve a Sign Fed Rates Now Appropriate
Robert Kaplan, president and chief executive officer of Federal Reserve Bank of Dallas.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
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Federal Reserve Bank of Dallas President Robert Kaplan is taking comfort from the recent steepening in the yield curve and sees it as a sign that the U.S. central bank now has policy in the right place.