FOMC facing challenging times, Fed's Kaplan says

US central bankers are facing challenging times given the reduced room for policy-makers to manouvre given the current low neutral interest rate.

In remarks to a meeting of financial service professionals the president of the Federal Reserve bank of Dallas, Robert Kaplan, said: "There is room for the Fed to maneuver but not as much as people might think because the neutral rate of interest is somewhat lower than people think," Reuters reported.