Dallas Fed President Robert Kaplan on rate hikes:
- “It’s three for this year. I think we should get started sooner rather than later, though.”
- “Unemployment rate is going into the 3s during 2018.”
- “We are either at or below full employment right now.”
- “But the thing I’ll be watching is the history of overshooting full employment in the United States and having a soft landing is not a long history. So the reason I want to start removing accommodation, raising the fed funds rate, is I think that will give us the best chance to extend this expansion for longer.”
