Fed's Kaplan: Inflation is still running below 2%

Author: Adam Button | Category: Central Banks

Comments from Kaplan in Texas:

  • We're making good progress towards full employment
  • US GDP expected a bit above 2% in 2017
  • Inflation is still running below 2%
  • Tech disruption is limiting business's pricing power
  • World growing at sluggish rate by historical standards
  • China's 6.5% growth rate unlikely to be sustainable
  • Healthy to begin shedding bond holdings