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Dallas Fed President Robert Kaplan recently crossed the wires saying that the U.S. economy is feeling the “cumulative impact” of rate hikes.

Key quotes (via Reuters)

  • 2018 was a very good year for the U.S.  economy, grew at 3pct.
  • Fiscal stimulus reached a zenith in 2018, spending bill alone added half pct pt to GDP growth.
  • Was hoping that tax cuts would boost productivity, but unlikely to bump up.