He comes across as a very intelligent, well meaning, man. He declares himself to be as centrist (really, who doesn’t?, as opposed to Fed’s Rosengren who just said the latest Fed rate hike went smoothly and was largely “uneventful.”
What the fuck?
Anyway, back to Kaplan. He flat out says his bias is towards “normalizing rates”, which is doublespeak for hiking them. He hedges himself by saying he’s data dependent. Providing everything goes as swimmingly as the last Fed hike, according to Rosengren, Kaplan thinks 2-3 hikes for 2016 is a solid, fucking, idea.
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