CORRECTED-Fed’s Kaplan says could see financial condition tighten
Dallas Federal Reserve Bank
President Robert Kaplan said on Friday that it “bothers” him
that banks now must borrow from each other overnight at higher
rates than they would for longer periods – a topsy turvy
situation that he said could lead to tighter financial
conditions.
President Robert Kaplan said on Friday that it “bothers” him
that banks now must borrow from each other overnight at higher
rates than they would for longer periods – a topsy turvy
situation that he said could lead to tighter financial
conditions.
Posted by Reuters
