Dallas Federal Reserve President Rob Kaplan appeared on CNBC's "Squawk Box" on Tuesday.
In a speech Monday, Kaplan said it would be too soon to hike interest rates later this month, but he expressed an openness to a possible increase in June. He's not a voting member of the Fed's policymaking committee this year.
Many economists expect a June rate hike, but the futures market has been more cautious, looking to perhaps December as the next tightening.
- Underpinnings for solid growth are there
- Dec hike was the right decision
- Negative rates elsewhere shouldn't stop normalisation
- US is not an island in the global economy
- There is a cost to excessive accommodation
- Central bank to be patient and thoughtful on policy
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