Speaking in SF. Meanwhile Feds' Kaplan is speaking to reporters in Dallas


  • Key to ask if makeup inflation strategies really work
  • inflation expectations consistent with price stability
  • rising wages not putting upward pressure on inflation
  • US inflation expectations are in a range that are consistent with the Fed's mandate
  • inflation is running close to the Fed's 2% target


  • trade uncertainty's causing sluggish business investment
  • some Texas companies are having hard time hiring skilled workers

Fed's Richard Clarida is on the FOMC Board and as such is a permanent voting member on the FOMC.

The Fed's Kaplan is the president of the Dallas Federal Reserve and is not a voting member in 2019, but will be a voting member in 2020.