April 12 Dallas Federal Reserve Bank President
Robert Kaplan said Wednesday that the central bank's plans to
begin trimming its $4.5 trillion balance sheet as soon as this
year do not alter his view of the appropriate rate hike path.
Speaking to reporters in Fort Worth, Texas, Kaplan said he
still expects three rate hikes this year as his "baseline" case.
Some Fed officials have talked about pausing rate hikes when the
balance sheet reductions begin, but Kaplan called such talk
confusing. Kaplan is a voter on the Fed's policy-setting panel
(Reporting by Marice Richter, writing by Ann Saphir; Editing by