Name: Robert S. Kaplan

Summary: Economic Conditions and Monetary Policy in a Changing World: "I believe that continuing along the path of monetary policy normalization is important. There are various costs to maintaining excessive accommodation for too long—particularly in terms of potential distortions in investment, inventory and hiring decisions, which may need to be (painfully) unwound when policy normalizes. My experience is that these imbalances are sometimes easier to recognize in hindsight."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: January 11, 2016

Publication Date: January 11, 2016

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