Fed's Kaplan: Downside risk right now is to business confidence

Dallas Fed President Robert Kaplan has crossed the wires in the last minutes arguing that the job growth will need to moderate given tight labor markets.

Key quotes (via Reuters)

• Trade dispute with Mexico a "Very big deal" because trade with that country involves intermediate goods.
• Trade with Mexico "overwhelmingly" in interests of U.S., allows U.S. companies to be more globally competitive.
• Downside risk right now is to business confidence and capex, but could start to affect hiring and therefore household spending.