Fed's Kaplan: GDP to grow 2.5% to 2.75% this year

Dallas Fed President Robert Kaplan recently crossed the news wires saying that he was expecting a 2.5% to 2.75% GDP growth this year, as reported by Reuters. Kaplan further added that the GDP growth would slow down a bit next year and said that the cyclical inflation, offset by some structural factors like technology, was on the rise.