Fed's Kaplan (moderate, voter): we anticipated Sept jobs number would be affected by storms
- There should be some build in wage pressure with tighter labor markets, but companies have less pricing power because of technological changes
- Open minded about next rate hike, we should be patient, will take some more time to judge before Dec meeting
- Should be in the process of removing accommodation but should do it patiently and gradually
- Demographics liking aging population remain a headwind and will get worse
- Fed policy is accommodative but maybe not as accommodative as some people think