Fed's Kaplan Speaks at Board of Trade Event in Vancouver

He adds:

  • He would give the US economy a B+ or A-, with a weaker grade after this year
  • The labor market is getting very tight
  • Not seen tight labor market fan higher wages yet
  • inflation will firm this year but won't be a hockey stick shaped
  • businesses still lack of pricing power
  • we will make some progress this year on inflation