Fed’s Kaplan: 3 rate hikes in 2017 is appropriate

Eren Sengezer FXStreet

Dallas Fed President Robert Kaplan crossed the wires, via Reuters, arguing that two more rate hikes seem prudent this year and that the Fed should begin shrinking its balance sheet later in the year.

Key quotes (via Reuters):

Three interest-rate hikes in 2017 'appropriate'
Need to be 'patient' in assessing inflation data
Fed rate hikes should be gradual, patient
Calls for reductions in Fed's balance sheet to start later this year

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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