Fed's Kaplan: Growth will still be enough to lower jobless rate

Following are the key headlines crossing the wires, via Reuters, from Federal Reserve Bank of Dallas President Robert S. Kaplan’s speech:

• Q2 GDP estimate was surprisingly low
• First quarter GDP was disappointing
• Q2 held down by inventory drawdown
• Headwinds from dollar and energy should dissipate
• Sees 2% GDP this year but could be 1.8%-1.9%
• Gradually working towards 2% inflation
• Monetary policy cannot solve structural drags on growth
• Neutral rate has gone down
• Fed policy isn't as accommodative as it might appear