Kaplan in San Antonio

He's in a moderated Q&A and then will speak with the media. We'll update with comments as he makes them.

  • Repeats oil supply and demand will balance in mid-2017
  • Says he would have been comfortable with Sept rate hike
  • Concerned by distortions low rates are causing
  • Fed is not trapped near zero
  • Would expect slower growth from China over time
  • Willing to be patient and wait longer on rates
  • Path of rate rises is going to be narrower than historically