Fed's Kaplan: Economy feeling cumulative impact of rate hikes

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.