Name: Robert S. Kaplan

Summary: Discussion of Economic Conditions and Implications for Monetary Policy: "While I believe that excessive accommodation carries a cost in terms of distortions and imbalances in hiring, asset allocation and investment decisions, I also believe that, at this juncture, the Fed needs to show patience in decisions to remove accommodation. Again, this is particularly true in light of key global secular trends as well as recent developments relating to slowing global economic growth and tightening financial conditions."

Lean: Dovish

Substantially Similar to Prior Statements: No

Statement Date: March 3, 2016

Publication Date: March 3, 2016

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