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Robert Kaplan in Jackson Hole, Wyoming
David A. Grogan | CNBC
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Dallas Fed President Robert Kaplan would like to avoid additional stimulus, but remains "open-minded".
"I would like to avoid taking any other action, but I think I will be open-minded to act in the coming months if we need it," Kaplan told CNBC's Steve Liesman. in the economic paper of the Fed. Policy Symposium in Jackson Hole, Wyoming.
Kaplan said the Fed's 2% GDP growth forecast this year carries "downside" risks.
"Even if the consumer is very strong and one of the pillars of the economy, the manufacturing sector is weak and probably weakening and global growth is slowing down to infiltrate the US economy," he said. said Mr. Kaplan.
US manufacturing growth slowed to its lowest level in nearly 10 years in August, according to data released Thursday.
The US manufacturing PMI (Purchasing Managers' Index) was 49.9 in August, up from 50.4 in July and below the 50.0 mark for the first time since September 2009, according to IHS Markit.
Earlier Thursday, Esther George, president of the Kansas City Fed, said the July rate cut "was not necessary" and Philadelphia Fed President Patrick Harker said that it was not necessary. he did not see the possibility of additional stimulus measures.
Following their comments, the main yield curve of the bond market briefly reversed for the third time in less than two weeks, fearing that the Fed may not be doing enough to save the economy of the recession.
Kaplan is a non-voting member of this year's Fed Open Market Committee.
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