Kaplan on Bloomberg TV
- We're obviously not meeting our inflation target
- I think the neutral rate is between 2% and 3%
- Structural forces in the economy are creating a muting effect on inflation
- It's now time to get started on balance sheet reduction
- It looks like the market is assuming lower rates than me
- My views on the terminal rate are lower than 2 years ago
- Terminal rate is closer to 2.5% than 3%
- Demographics aren't talked about nearly enough
- Sluggish demographic trends will go on for years
I suspect Kaplan, Kashkari and Bullard have a running bet on who can appear most often.
