Fed's Kaplan: 'Jury Is Out' on Avoiding a More Severe Economic Slowdown

The transcript discusses the economic growth forecast for 2020, predicting a growth rate between 1.7% and 2%. Businesses are maintaining flexibility due to policy uncertainties, delaying new projects but not cutting back existing operations. They are cautious of a potential broader economic slowdown, which could lead to further actions and exacerbate the situation. The Federal Reserve's actions in July and September are noted as positive steps, but the economic outlook remains uncertain.

What could potentially cause a further slowing in the economy?

What actions did the Fed take in July and September?