Fed's Kaplan Is an Advocate for 'No Action' on Interest Rates

The video discusses the current economic conditions and the Federal Reserve's response to market issues. It highlights three major concerns: global growth deceleration, weakness in interest-sensitive industries, and tightened financial conditions. The speaker advocates for a pause in interest rate changes until these issues are resolved. The video also covers the importance of monitoring market signals and their impact on the economy, with a focus on credit spreads and GDP forecasts. The speaker emphasizes the need for patience and careful observation of economic trends.

What does the speaker suggest about the impact of credit spreads on the economy?

What is the speaker's GDP growth forecast for 2019 and how has it changed?