| 2016-10-19 14:20:02|
14:20 10/19 10/19/16
Dallas Fed moderate Kaplan sees inflation firming
Dallas Fed moderate Kaplan sees inflation firming while GDP growth for 2016 will likely average 1.75%, sufficient to drive down unemployment and take some slack out of the labor force. He sees political uncertainty likely affecting capital spending, but once the election is out of the way focus needs to shift to entitlement reform and infrastructure spending. Kaplan also notes that the Fed needs to be "humble" about the limits of monetary policy. The non-voter was taking Q&A at a Chamber of Commerce luncheon.