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