Kaplan spoke earlier: Fed's Kaplan: US GDP growth to be 2.25%, enough to reduce labour mkt slack

More now:

  • Does not see systemic risk from stock market valuations
  • Regularly reviewing fed's framework would be a healthy thing
  • When time comes to trim the fed's balance sheet, he would trim both MBS and treasuries
  • Fed might tailor its balance sheet strategy to each type of security

Headlines via Reuters