Robert Kaplan, Fed Chairman in Dallas, said:
- I expect the economy to grow by 2.5% to 2.75% this year.
- Inflation will firm in 2018 and move towards the 2% target.
- Unemployment is expected to fall further.
- Business investment should be stronger on tax reforms.
- We must be patient and raise interest rates gradually.
- Growth will be slightly weaker in 2019 and will slow to 1.75% by 2020.
- Globalization and trade are an opportunity to promote economic growth in the United States.
- Discussions on China-US trade issues will move behind the scenes.
- Trade concerns are legitimate issues that need to be discussed.
- Discussions will not be public.
