Dallas Fed Governor Kaplan speaking on CNBC

  • Running out of capacity in Employment
  • US economy to grow around 2.5%
  • Fed is in the neighborhood of neutral rates
  • Trimmed mean inflation is around 2%
  • Inflation should remain muted because of technology and global economy
  • Businesses have less pricing power today
  • US not immune to weaker growth abroad.
  • Worry that weak growth outside the US could have some muting effect on GDP growth
  • The skills of workforce is lagging
  • Corporate debt is at record levels, in a downturn it could be an amplifier in a downturn
  • Glad we have a dual mandate