Fed's Kaplan says two rate hikes next year is "consistent" with his view of appropriate policy
Dallas Fed's President Robert Kaplan was on the wires last hour, via Reuters, stating that two rate hikes next year is "consistent" with his view of appropriate policy and highlighted that he doesn't see any hint of political influences on Fed decisions.
Key headlines (via Reuters):
Says will be interested to see how much the wage rise passes into prices -- Bloomberg TV
We are at the point when we should be able to remove some accommodation in near future
Says prospect for future U.S. GDP growth is 'muted' without new fiscal policies
Fed can afford to be patient and cautious because of structural headwinds in U.S. economy
It is wise to remove some accommodation because of distortions with rates this low
Fed works hard to remove political considerations from our decision-making
Says does not see any hint of political influences on Fed decisions
It's very critical that Fed remains independent, free of political pressures
Kaplan, in Bloomberg TV interview, says trade with Mexico has improved U.S. competitiveness