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Fed’s Kaplan: Rate hikes are necessary as the US nears full employment

March 6, 2018


Raising interest rates now gives the U.S. the best chance to keep pushing the economy forward, Dallas Fed President Robert Kaplan said Tuesday.

In that light, Kaplan said he favors three rate hikes this year, a sentiment reflected in markets that nevertheless have been wary that the central bank may get more aggressive should the improving economy start generating more noticeable inflation.

“It’s three for this year. I think we should get started sooner rather than later, though,” he said during an interview on CNBC’s “Squawk Box.”

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