Kaplan says 2017 is going to be 'pretty strong'
- Sees 2017 growth running a little more than 2%
- We have a relatively tight jobs market, inflation nearing 2%
I wouldn't say "a little more than 2% growth" is "pretty strong".
More:
- Slack in labor force is rapidly declining
- We should hike sooner rather than later
- Should be a little less accommodative as we go through the year if growth continues
Kaplan speaking in Houston. Some hawkish notes but that's his usual rhetoric.
