Fed's Kaplan Says He's Not 'Rigid' on Fed's Path to Neutral Rates

The video discusses the concept of the neutral rate, its estimation, and the economic factors influencing it. The speaker emphasizes the importance of not being rigid in policy decisions, considering GDP growth, fiscal stimulus, and challenges like workforce aging and productivity. The need for a balanced approach to economic policy is highlighted.

How does the speaker describe the concept of the neutral rate?

What is the estimated range of the neutral rate mentioned in the text?

What factors are expected to influence GDP growth in 2018 according to the speaker?

What are the expected headwinds affecting workforce growth mentioned in the text?

What challenges does the speaker anticipate in making economic judgments?