Fed’s Kaplan: We need structural, fiscal policy to augment policy

Kaplan on Bloomberg
– You’re always going to get criticism from both sides
– In my mind we need more tools
– Cites demographics, globalization as trends that make policy more difficult
There isn’t much to chew on here. He’s been cast as a bit of a hawk but that’s only in the short-term. Longer-term, he isn’t someone who is worried about prices running away.