Fed’s Kaplan says it will take time to see how much economy is slowing

February 28, 2019

(Reuters) – The U.S. economy is slowing and it could take a few months to figure out by how much, supporting the Federal Reserve’s rate-hike holiday through June, Dallas Federal Reserve Bank President Robert Kaplan said on Thursday.

There are examples in the U.S. Treasury market where some shorter-term bonds yield more than long-term bonds, a fact that points to market skepticism about the direction of the economy, Kaplan said at a Real Estate Council of San Antonio meeting.

(Reporting by Trevor Hunnicutt in San Antonio, Texas; Editing by Chizu Nomiyama)

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