So, I think the correct response to this (from politicians anyway) is "Hold my beer"
Zing!
Headlines via Bloomberg & Reuters
More:
- Not much slack left in US labor market
- Feels very strongly that trade relationships with Canada, Mexico, is central to the US economy ... has boosted US competitiveness
(and again, "Hold my beer")
- Sees neutral rate as between 2 to 3%
- Fed still below 2% inflation target
- progress on inflation is slow, even
- rates should rise very gradually repeats he sees 3 hikes in 2017 in total
- Fed won't be influenced by political pressure
- Fed sensitive to impact of action of currency
- Not making assumptions about impact of fiscal policy
Much of this is familiar ground from Kaplan.
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Robert Kaplan is President of the Federal Reserve Bank of Dallas, speaking in Toronto