Fed’s Kaplan Says Virus Spread Could Be Key Factor at March Meeting

The transcript discusses the Federal Reserve's approach to interest rate cuts, particularly in response to diagnosed cases and market conditions. It highlights the uncertainty in decision-making and the factors influencing potential future rate cuts. The speaker emphasizes the importance of monitoring developments closely and refrains from making long-term predictions due to rapidly changing events.

How does the speaker plan to assess the situation leading up to the March meeting?

What does the speaker mean by 'a week is an eternity in this situation'?