Fed's Kaplan. nonvoting FOMC member in 2019
The Fed's Kaplan is on the wires saying:
- US is flirting with yield curve inversion that is pointing to expectations for sluggish growth ahead
- Thinks the labor force willl tighten further
- Expects inflation to gradually move up to 2%
- Trimmed Mean is running just below 2%
- Expects solid 2.25% to 2.5% growth rate in 2019
- We have the ability to run the economy a little hotter
- We are in the neighborhood of neutral
- I think we are at the right policy setting
- I am agnostic as to raise or lower policy
- Want to be patient here
- Wants to avoid creating excesses and imbalances in the US economy
- To soon to say what US China tariffs will do to currency, inflation
- It would be prudent to moderate US debt growth
