In an interview with CNBC, Dallas Fed President Robert Kaplan said that the Fed should make policy decisions without political considerations.
Key quotes (via Reuters)
- On U.S. President Trump’s comment on the Fed, says it would not affect their decision making.
- GDP forecast has moved to high end of range.
- U.S. Household is in pretty good shape right now.
- Ought to be raising rates 3 to 4 times in the next 9 to 12 months.
- Shape of yield curve suggests medium-term outlook is more sluggish than the short run indicators would suggest.
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