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Fed's Kaplan says he has no problem with being 'restrictive'

Reuters 

(Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Monday said he expects the U.S. central bank to raise interest rates three times this year and further next year to levels that could put the brakes on U.S. economic growth, but that he does not want to push short-term rates above long-term borrowing costs."I don't have a problem with being restrictive," Kaplan said, adding that monetary policy would be restrictive if interest rates rise above the 2.5 percent or 2.75 percent that he estimates is their "neutral" level. But, he said, he would not want rate hikes to proceed so ...

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First Published: Mon, April 16 2018. 23:37 IST
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