More comments from Dallas Fed’s Robert Kaplan

  • Hard to predict how it would unfold given record global liquidity

That’s it for the comments on the China story but he had some other comments;

  • Expects 3 Us rate hikes in 2018
  • There’s a lot of strength in the US economy right now so there is a risk that growth is tronger than expected
  • See a strong tailwind for growth and a tigheter labour market
  • Does not want to play catch up with US policy
  • Expects a short-term boost from tax cuts but they’lltrail off as the economy returns to trend growth over next few years

Kaplan is not a full voter until 2020


Ryan Littlestone

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