Fed's Kaplan: Base case is for three hikes this year. Should get started soon.

Kaplan on CNBC

  • We are ether at, or beyond full employment now
  • Think jobless rate will go below 4% this year
  • Raising rates now is the best way to sustain the expansion
  • US government debt could become a growth headwind
  • Trade discussion doesn't change his outlook now but trade with Canada and Mexico is critical for US jobs

There's nothing new or surprising here.

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