Kaplan spoke to the Wall Street Journal
- We're on our way to reaching our full employment goal. There is some labor slack, but it's diminishing
- We're in a period in history where labor force demographics are eroding
- The 62.8% participation rate we're at now is likely to go below 61 over the next 10 years.
- The consumer has the capacity to spend
- We need to start tackling in the United States some structural issues
- The biggest issue I'm concerned about is there's over a trillion dollars of student debt in the United States
Read the transcript at the WSJ.
Kaplan earlier said the Fed is keeping an eye on the dollar as it relates to hiking rates.
