Fed's Kaplan sees 2017 GDP growth a little above 2%
Kaplan speaking in Dallas
- Strength of US consumer is underpinning economy
- US household sector has great capacity to spend
- Need to grow US workforce in order to grow GDP
Shouldn't the aim be to grow GDP-per-capita? I mean, growth is good for corporations and government tax revenues but GDP per capita is the bottom line on how effective your country is and the standard of living. Just bringing in people for the sake of overall growth isn't the solution most people are looking for.