Robert Kaplan is head of the Federal Reserve Bank of Dallas
Adds that if the pace of the economy is faster than expected, could do more than 3 ... and if its slower (you guessed it), could do less than 3
More:
- Watching recent moves in 10 yr Ts, may be a transitory flight to quality
If only the flight was on United the Treasury's could get punched in the face, that'd fix 'em!
And, more:
- Says globalisation can be a tool to increase US growth
- We are very near full employment
- Some of President Trump's proposals are positive, some are concerning
- Says he worries about immigration and trade policy
- Have not seen as much wage pressure as though at this low unemployment rate
- Worried about high levels of government debt as a systemic threat