Fed's Kaplan estimates that inflation will remain muted and that the economy will be short of workers

Robert Kaplan, Dallas District Chairman of the Federal Reserve, said the low rate of inflation was here to stay.

"It's not that we do not have inflation … Inflationary forces are going to be muted, including technology," Kaplan said Friday in an interview with Steve CNBC's Liesman.

"Technology allows for disruption and, to a certain extent, globalization, and companies today have less power over prices, which is reflected in business results reports and in all my conversations," he said. added Mr Kaplan.

His comments came after Federal Reserve Chairman Jerome Powell said on Wednesday that weak inflationary pressures were only "transitory", suggesting that a reduction in interest rates would not be on the horizon.

Kaplan also said that the US economy was starting to run out of manpower after Friday's release of data indicating that the US had added 263,000 new employees in April, while unemployment fell to 3.6%, the lowest level since December 1969.

"I think I still think we lack resources in the job market," Kaplan said. "We are moving people away from the sidelines, but we are starting to get closer to the lowest participation rates before the crisis and we are reaching the lows of the pre-recession on discouraged workers. wait for it to slow down but not think it's going to be a bad sign. "