Fed’s Kaplan: Base case is Fed taking no action through June

Dallas Fed President Robert Kaplan recently crossed the wires arguing the base case for the policy outlook was for the Fed to take no action through June.

Key quotes (via Reuters)

• Fed shouldn’t take action on rates for now, should ‘get out of the way’.
• Pausing is ‘the right thing to do’.
• Concerned by slower global growth.
• Seeing signs of weakness in housing.
• Expects US economy to slow in 2019 as fiscal stimulus wanes.
• Sees 2% GDP growth in 2019.