Fed's Kaplan says risk to his 6.5% GDP growth forecast this year is to the upside
Upbeat comment from Kaplan
Kaplan is taking part in a moderated Q&A. I'll have more headlines as they roll out.
- Getting less-educated workers back to the workforce and back to jobs is a challenge during the recovery
- We expect to see a surge in prices of more than 2.5% or 2.75% in coming months
- Repeats that Fed should start talking about tapering 'soon'
- Says he sees excesses and imbalances in financial markets
- Factors pushing up inflation including base effects, demand-supply imbalances, and fiscal policy