From @LiveSquawk

Fed's Kaplan: Pricing Power Of Businesses More Limited Than We're Used To At This Stage Of Expansion - Sees Less Than 2 Pct Growth In 2020 As Fiscal Stimulus Fades, Monetary Policy Tightens

From dallasfed.org

Turn on the television or pick up a newspaper and you’ll likely see a discussion of what’s happening now—the latest scandal, current geopolitical developments, stock market movements, the latest GDP numbers or corporate earnings announcements. This focus on the here and now is so ingrained that we may not be aware of the short-term nature of the news flow. In the midst of this, it is sometimes easy to lose focus on the fact that short-term events often occur as a result of more persistent underlying forces that can take many years to unfold. What does all this have to do with the work of a central banker? I spend a good part of my time ... (full story)