Fed's Kaplan on Global Economy, Balance Sheet Concerns and Inflation

The transcript covers economic forecasts for 2020, discussing growth, inflation, and consumer confidence. It examines the impact of trade agreements like the phase one deal with China and USMCA on business stability. The discussion also delves into monetary policy, including rate cuts and balance sheet growth, and their effects on asset prices. Inflation dynamics are explored, highlighting structural factors like technology. The need for broader economic policies, including fiscal policy and structural reforms, is emphasized. Finally, the potential influence of the election year on monetary policy is considered.

How has the fracking industry changed in terms of productivity?

What are the implications of low unemployment without triggering inflation?

How does the speaker view the relationship between monetary policy and fiscal policy?

What does the speaker believe is necessary for addressing slower economic growth?