Kaplan comment at an event in Dallas

More:

  • Doesn't see crude reaching demand/supply balance until 2017
  • Would not shock him if oil prices moved lower
  • Weak oil, strong dollar 'very damaging' for certain sectors but also has benefits for consumers
  • US growth is sluggish
  • Do not believe US will enter a recession this year

Kaplan is the Dallas Fed President so his comments on oil are notable.