Fed's Kaplan speaking

The Fed's Kaplan is speaking. He is not a voting member in 2019. Kaplan is the president of the Dallas Fed. He is speaking at an event in Boston

He says:

  • US has a very tight labor force
  • trade tensions have heightened
  • trade relationship with Mexico supports US jobs
  • trade tensions may have a chilling effect on capital expenditures
  • watching trade situation very carefully
  • downside risks right now is to business confidence and capital expenditures but could start to affect hiring and therefore household spending
  • trade with Mexico overwhelmingly in interest of US. Allows US companies to be more globally competitive
  • trade with Mexico a very big deal because trade with that country involves intermediate goods