Robert Kaplan is head of the Federal Reserve Bank of Dallas

Adds that if the pace of the economy is faster than expected, could do more than 3 ... and if its slower (you guessed it), could do less than 3


  • Watching recent moves in 10 yr Ts, may be a transitory flight to quality

If only the flight was on United the Treasury's could get punched in the face, that'd fix 'em!

And, more:

  • Says globalisation can be a tool to increase US growth
  • We are very near full employment
  • Some of President Trump's proposals are positive, some are concerning
  • Says he worries about immigration and trade policy
  • Have not seen as much wage pressure as though at this low unemployment rate
  • Worried about high levels of government debt as a systemic threat