Name: Robert S. Kaplan

Summary: A Discussion of Economic Conditions and Federal Reserve Policy: "In light of all these factors, it will likely be appropriate that U.S. monetary policy remain accommodative for some time...However, accommodative policy does not necessarily mean a zero fed funds rate. There are various costs to maintaining a zero fed funds rate for too long—particularly in terms of potential distortions in investment and business decisions...These are all issues that will have to be assessed and reassessed as the economic outlook unfolds. In my view, the FOMC—in the previous two meetings—has been prudent in waiting for more data before taking policy action."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: November 18, 2015

Publication Date: November 18, 2015

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