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Fed's Kaplan reiterates view of need for tightening in the short term

Published 12/01/2016, 10:32 AM
Updated 12/01/2016, 10:32 AM

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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