Dallas Fed head Robert Kaplan speaks to Bloomberg TV
- Fed should move deliberately
- 3 rate hikes is appropriate for 2018
- US is a "long way" from yield curve inversion
- Says he watches out for credit spreads
- Keeping central bank independence is critical
- Will remain vigilant on financial conditions
- So-called normalisation is going to be very challenging
- Letting balance sheet run off is effective
Continuing from his earlier comments here. Again, nothing new from Kaplan so far. Generic and repetitive comments mostly - once again reiterating that the base case is for three rate hikes this year.
