Dallas Fed President Kaplan on CNBC after the jobs report
- Labor markets are tightening
- A lot of the jobs lost in Sept were temporary
- Companies have less pricing power now
- Fed can afford to be patient removing accommodation
- Says he expects less than 3 rate hikes next year
- Simple tax cuts would give short-term boost, thoughtful tax reform could help longer-term growth
Kaplan is on the more-dovish side of the Fed but if/when he indicates that he's gaining confidence, that will be a big signal on December.