Dallas Fed President Robert Kaplan said monetary policy is “in the right place now” And the mid-cycle adjustment” is over “for the time being”. Though, he added that Q4 is “going to be weak” on destocking due to some pessimism over the past few months. But “we thing things will stabilize. We’ve got a good chance to grow at 2% next year.”
Kaplan also said that “weak manufacturing, weak global growth, weak business investment all relate to uncertainty regarding trade,” he said. “If that got stabilized, I think we’d have a chance to see those measures improved.”
