Fed’s Kaplan: 2018 very good for US economy, grew at 3pct

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7 February 2019

Fed’s Kaplan: 2018 very good for US economy, grew at 3pct

fiscal stimulus reached zenith in 2018, spending bill alone added half pct PT to GDP growth
economy also feeling cumulative impact of rate hikes
was hoped that tax cuts would boost productivity, but unlikely to bump up
sees US economy growth closer to 2pct in 2019
headwinds to US include slower global growth

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