Fed's Kaplan says there are some uncertainties for US consumers

• especially in healthcare law
• household balance sheets in relatively good shape
• longer term US GDP growth still challenging but expects a little better growth than data suggests
• core inflation continues to move up gradually and slowly
• 3 rate hike median for 2017 still a good baseline
• 10 year yields partly reflect geo-political risk
• not factoring fiscal policies to his f/casts
• Fed is still accommodative but not as much as people think

Well prove otherwise Mr K. You're now a voting member rotated in this year.

• thinks it appropriate to give action plan on reducing balance sheet for 2-3 months before Fed begins
• could start unwind later 2017 or early 2018
• Fed's Yellen is an excellent leader

Interview over.