Speaking in CNBC
Dallas Fed Kaplan speaks on CNBC
- We dont need to have a catch up to inflation
- Can run a little above and a little below
- Want to run around 2% and a little above it but if persists it would impact his policy decision
- Neutral rate is 2 1/2 -2.3/4%. Should raise rates gradually to the neutral rate
- US in global supply demand in oil now
- We are going to be very susceptible to global shocks
- There are risks in the emerging markets
- Not there on concerns about emerging markets
- Think technology is effecting productivity.
----------------------------------------------------------------------------------------------------