Federal Reserve Bank of Dallas President Robert Kaplan had lots to say this morning that, for now, the market has chosen to ignore. He warned “we are highly leveraged” implicitly warning President Trump that the country’s ability to boost growth through debt is limited.
Speaking in Fort Worth, Texas, Kaplan said today that general measures of unemployment in the U.S. indicate that there is still slack in the labor market, although it’s abating, Reuters reports.
He added: