Fed's Kaplan: US probably can't boost GDP growth aynmore by increasing debt

Fed Dallas President Robert Kaplan is crossing the wires via Reuters from Texas, stating that the United States probably can't boost GDP growth anymore by increasing debt.

Key headlines (via Reuters)

• Making progress on dual mandate should be removing accommodation
• Decline in 10-Y yield suggests market belief that GBP growth will be tepid
• Expects to start trimming balance sheet as soon as later this year
• Should allow balance sheet decline to be phased in