Fed's Kaplan reiterates view of need for tightening in the short term
Investing.com
Published Dec 01, 2016 10:32AM ET
Investing.com - Fed member Robert Kaplan Thursday reiterated his view of the need to tighten monetary policy soon.
The Dallas Federal Reserve Bank President said U.S. consumer spending is buoyant.
This will push GDP growth to an annual pace of 2% even without any stimulus under a Trump presidency.
"We are at a point that we ought to, in the near future, remove some amount of accommodation," he said.
Investing.com's Fed Rate Monitor Tool shows a 97.8% chance of a Dec hike.
The odds of a further hike in June currently stand at 56%.
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Written By: Investing.com
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