Dallas Fed's Kaplan: Yield curve was a 'reality check' for supporting earlier rate cuts

Dallas Fed President Robert Kaplan said Thursday that he supported both of the Federal Reserve’s 25 basis point cuts this year to insure the U.S. economy against a recession. Kaplan said an inverting yield curve was a “reality check” that those rate cuts were needed.  “For me, these moves in market-determined rates are a reality check...