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