Fed’s Kaplan Expects Unemployment Below 4% by 2023

Interest rates in the United States are expected to remain near 0% for the next two or three years, President of the Federal Reserve Bank of Dallas Robert Kaplan said on Monday in a TV interview with Bloomberg.

Kaplan further expects that unemployment rate would reach 4% or 3.5% by 2023.

“I probably think it’s appropriate to remain accommodative, or maybe even highly accommodative.”

“I’m not sure it’s appropriate to decide right now that at that point we should leave rates at zero; I would rather leave those judgments to future committees.”