Fed's Kaplan in a moderated Q&A session
- Kaplan has a vote this year
- Key to US economy is the consumer
- We're closer to balance on oil supply/demand
- US GDP growth was pretty choppy last year
- Confident US GDP growth will exceed 2% in 2017
- We're forecasting 2.25% growth
- There is still jobs market slack
- Participation rate likely to fall in the decade, US needs much more workforce development and education
- We're getting closer to employment, inflation goals
- We should move sooner rather than later on rates
We'll update the headlines as they hit. He's taking questions from the media later as well.