Dallas Fed Reserve Bank Chief Has Concerns About the Texas Economy

Rob Kaplan, President / Dallas Federal Reserve Bank

Dallas (WBAP/KLIF) – Speaking before the Dallas Regional Chamber of Commerce Thursday, the Dallas Federal Reserve Bank president talked about challenges that could slow the Texas economy in 2020 and beyond.

The Dallas Morning News reports, Rob Kaplan told the group he doesn’t expect a recession next year, but that he does have concerns about the how Texas uses low taxes and limited regulation to attract new business; he said it may not be enough moving forward.

Kaplan also believes that Texas must invest in its all resident — specifically at-risk residents — with education programs, expanded health care and workforce training to keep the state’s economy thriving.

Mr. Kaplan was on hand recently at the groundbreaking of Uber’s expansion of the Epic Center in Deep Ellum.

The DRC joined @Uber to celebrate its groundbreaking at @TheEpicDallas in #DeepEllum. Take a look at photos from the event on our Facebook: https://t.co/MoLwvrkbPt pic.twitter.com/Q4LOe53Q1d


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(Copyright 2019 WBAP/KLIF 24/7 News. This report contains material from the Dallas Morning News.)