Fed's Kaplan Says FOMC Shouldn't Overread Market Expectations
- Repeats his call for a hike ‘sooner rather than later’
- Doesn’t yet see sentiment driving higher business activity
Credit Suisse's Parker Sees Two Fed Hikes in 2017
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Federal Reserve Bank of Dallas President Robert Kaplan reiterated his view that policy makers should raise interest rates “sooner rather than later” and without paying excessive attention to market expectations.
“I would like to be aware of what’s going on in the market, but I don’t want to overread or overreact to it,” Kaplan told reporters following a speaking engagement Monday in Norman, Oklahoma. “Market probabilities can change very rapidly,” he said.