Lemanik

31-05-2017

Fed's Kaplan sees 2 more rate hikes in 2017

Dallas Federal Reserve President Robert Kaplan said he expected two more interest rate increases this year coupled with reductions in the Fed's 4.5 trillion dollar bond portfolio. In an interview with CNBC, Kaplan however said he expected the US economy to expand by 2% and not 3% as expected by the Trump administration. RADIOCOR