Fed's Kaplan: Could be convinced of need for fourth rate hike in 2018 depending on outlook

Below are the key highlights from  Dallas Federal Reserve Bank President Robert Kaplan's recently published interview with Reuters.

  • Intensification of trade tariffs would downgrade 2018, 2019 U.S. Economic forecasts.
  • 'Calling out' economic risks of trade spat in meetings with lawmakers, government officials.
  • Worried about longer-term trade effects on CapEx, currencies, geopolitics.
  • Still expects one more U.S. Rate hike this year.
  • Could be convinced of need for fourth rate hike in 2018 depending on outlook.
  • Once rates reach neutral, around 2.5 pct to 2.75 pct, will need to debate whether to go higher.

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