Fed’s Kaplan – Limited room for Fed manoeuvre on rates due to low neutral rate

President of the Federal Reserve Bank of Dallas was on the wires stating there is room for the Fed to manoeuvre on interest rates but not much due to low neutral rate.

Key quotes

US election irrelevant to when Federal Reserve acts

China's growth to come down in next five years

Brexit to lower Europe growth, impact on the US modest

Federal Reserve is watching contagion risk from Brexit

As participation rate of the US workforce falls, due to large number of workers 'aging out' of the workforce, GDP will be negatively affected