February 8, 2018 / 10:20 AM / 6 months ago

Fed's Kaplan: base case for 3 rate hikes this year still stands

FRANKFURT (Reuters) - The recent stock market rout should not force the U.S. Federal Reserve to pause with interest rate hikes, and three increases this year remain the base case scenario, Dallas Fed President Robert S. Kaplan said on Thursday.

Robert Kaplan, President of the Federal Reserve Bank of Dallas, poses for a photo in Palm Beach, Florida, U.S. January 17, 2018. REUTERS/Ann Saphir/Files

“At this point, I don’t see this market adjustment spilling over into financial conditions, but I’ll be watching carefully,” Kaplan said.

Reporting by Balazs Koranyi; Editing by Kevin Liffey

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