Fed’s Kaplan Rules Out Negative Rates

President of the Federal Reserve Bank of Dallas, Robert Kaplan, has ruled out adopting negative interest rates in the near future, expecting strong economic growth during the second half of 2020.

However, the Dallas Fed president expects rates to stay low for the foreseeable future, until progress is achieved on the employment and price stability fronts, expressing his acceptance for inflation going above the 2% target for some time.

Kaplan called for wearing masks to limit the spread of COVID-19 infections