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
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