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Tuesday, March 29, 2016

Fed's Kaplan: Consumer will remain strong this year despite weak retail sales

  • "US jobs market is really strong"
  • Unemployment likely to decline further, boosting household spending
  • Remains confident that US economy is resilient
  • By 2024 the labor market participation rate will be close to 60.5%
  • 1.9% GDP should be enough to improve labor participation
  • Fed must move gradually, don't want to reverse course
Kaplan is speaking in Austin, TX

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