Fed's Kaplan: Growth will still be enough to lower jobless rate

Felipe Erazo FXStreet

Following are the key headlines crossing the wires, via Reuters, from Federal Reserve Bank of Dallas President Robert S. Kaplan’s speech:

Q2 GDP estimate was surprisingly low
First quarter GDP was disappointing
Q2 held down by inventory drawdown
Headwinds from dollar and energy should dissipate
Sees 2% GDP this year but could be 1.8%-1.9%
Gradually working towards 2% inflation
Monetary policy cannot solve structural drags on growth
Neutral rate has gone down
Fed policy isn't as accommodative as it might appear

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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