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Fed's Kaplan says rates are in 'neighborhood' of neutral now

Kitco News

DALLAS (Reuters) - Dallas Fed President Robert Kaplan said on Thursday that U.S. interest rates are currently “in the neighborhood” of a neutral level, and the Fed should not be using monetary policy to stimulate the economy, or to slow it, at this point.

Kaplan, who has said he wants a monthslong pause on interest-rate hikes to allow time to assess the economic outlook amid headwinds, made the comments at a University of Texas at Austin McCombs School of Business conference held at the Dallas Fed’s headquarters.

Reporting by Ann Saphir; Editing by Chizu Nomiyama

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