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Wednesday, 25 September 2019

Dallas Fed’s Kaplan says global economy ‘fragile’ but U.S. will ‘skate through’

September 26, 2019

DALLAS (Reuters) – The world economy is going through a “fragile” period, but odds of a U.S. recession over the next year remain “relatively low,” Dallas Federal Reserve President Robert Kaplan said on Wednesday.

“Global growth is decelerating … We are in this tenuous period,” Kaplan said. But the United States “can skate through this” without a downturn, Kaplan said, noting that consumption remains strong and households are benefiting from low unemployment.

(Reporting by Howard Schneider; Editing by Himani Sarkar and Cynthia Osterman)

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