Kaplan: The Fed isn't as accommodative as some think

More comments from Dallas Fed President Kaplan

• Neutral rate decline means that Fed isn't as accommodative as some think, is 'somewhat accommodative'
• Will be accommodative so long as dual mandates not met
• Brexit, China mean there is not a lot of upward pressure on neutral rate right now
• Short-term neutral rate now is -1%, so Fed is 'accommodative' right now