Fed’s Kaplan Doesn’t Expect U.S. Economy to Grow More Than 2.5% in 2017

Investing.com – The U.S. economy is not likely to grow more than 2.5% in 2017, Federal Reserve Bank of Dallas President Robert Kaplan said on Wednesday.

Speaking on a panel about the growth of the Texas and New York region at an event in New York City, Kaplan also noted that the American economy was at or close to full employment.

His comments will be closely watched by investors for potential signs of a rate hike in December, as strong economic data indicates an increase is due soon.

Federal Reserve Bank of New York President William Dudley, who also spoke at the event with Kaplan, said “things are quite good” for the U.S. economy.

He added that the biggest uncertainties at the moment were policy making in Washington, taking a stab at growing disagreement in tax reform between Congress and United States President Donald Trump.

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