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NORMAN, Okla., Feb 27 (Reuters) - The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said on Monday.
Kaplan clarified a point he has made several times in recent weeks that a rate increase should come sooner than later.
"Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma. (Reporting by Jason Lange; Editing by Paul Simao)