Fed’s Kaplan: Fed should raise rates at least 3-4 times over the next 9-12 months

Dallas Fed President Robert Kaplan, speaking on Fox Business this Friday, said that the jobs report is consistent with the view of a strong economy and shows there is a tight labour market.

Additional quotes:

   “¢   Fed ought to be moving toward a neutral rate, raising Fed funds rate at least 3 – 4 times over the next 9 – 12 months.
   “¢   He is closely watching how trade tensions are affecting emerging-market stability.
   “¢   Still believes structural drivers will mute overall inflation pressures but welcomes wage growth numbers.