Robert Kaplan, CEO of Dallas Federal Reserve

Kaplan on Bloomberg TV

  • too early to judge effect of tariff talk is having
  • does not think trade issues will solved quickly, in early innings of trade talks
  • If rhetoric continues to be elevated it could be damaging
  • base case is 3 rate hikes his year

More:

  • ought to raise rates because we are near full employment
  • US has labor shortages, especially for skilled workers
  • Will see firming in inflation pressures this year
  • flatter yield curve means GDP growth outlook sluggish, watching US yield curve very carefully, history of inverted yield curves is not positive

More

  • concerned about high government debt to GDP levels
  • Watching level of debt in US very carefully
  • high debt levels means the US is more interest rate sensitive
  • must moderate path of debt growth in the US

LOL, good luck with that