Comments from Kaplan at a fixed income management conference in Boston
- Technology is disrupting economy more than globalization
- Inflationary pressures are building up but are being offset
- Says he is in favor of periodic review of Fed's strategic goals
- There is consensus at the Fed that rate hikes should be gradual
- Tax reform does make sense, but worried about funding a tax cut with a rise in debt
- US is getting awfully close to full employment
This is from an audience Q&A. I'll update if there are more headlines.
Kaplan is a voter next year.