FORT WORTH, Texas Oct 19 U.S. inflation, which
has under-run the Federal Reserve's 2-percent target for years,
is "likely firming," Dallas Federal Reserve Bank President
Robert Kaplan said on Wednesday.
Kaplan, speaking at the Fort Worth Chamber of Commerce's
Mayor's International Luncheon, said he expects U.S. GDP growth
to be about 1.75 percent this year, slower than what has been
historically the norm but enough to push down unemployment and
reduce slack in the labor market. Kaplan participates in the
Fed's regular policy discussions, but will not vote on policy
until next year.
(Reporting by Lisa Maria Garza, writing by Ann Saphir; Editing
by Chizu Nomiyama)