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Fed's Kaplan would support more rate hikes if progress continues

Reuters  |  COLLEGE STATION, Texas 

By Brad MorseCOLLEGE STATION, Texas (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he would support further interest rate hikes if the U.S. economy takes more steps toward reaching the Fed's goals of full employment and 2 percent inflation."As long as I continue to see us make progress, I will continue to support" further rate hikes, Kaplan said at an event at Texas A&M University, adding that he wants the Fed to move "gradually and patiently." Kaplan, who votes this year on Fed policy, repeated his view that the economy will likely grow about 2.25 percent ...

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First Published: Tue, March 28 2017. 08:10 IST