Fed’s Kaplan Sees Better GDP Growth But Still Challenging

The video discusses the current state of economic indicators, highlighting the contrast between hard and soft data. It analyzes the 10-year yield curve, suggesting that sluggish GDP growth and geopolitical events influence it. The US consumer's role in economic growth is emphasized, with household balance sheets in good shape. However, uncertainties like health care reform may affect consumer spending. The video concludes with challenges in GDP growth due to aging demographics and other headwinds.

What uncertainties does the speaker mention that may affect consumer spending?

What is the speaker's overall outlook on GDP growth for the year?