Kaplan comment at an event in Dallas
More:
- Doesn't see crude reaching demand/supply balance until 2017
- Would not shock him if oil prices moved lower
- Weak oil, strong dollar 'very damaging' for certain sectors but also has benefits for consumers
- US growth is sluggish
- Do not believe US will enter a recession this year
Kaplan is the Dallas Fed President so his comments on oil are notable.