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 can borrow from each other overnight more cheaply
than they can 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 can borrow from each other overnight more cheaply
than they can for longer periods – a topsy turvy situation that
he said could lead to tighter financial conditions.
Posted by Reuters
