February 8, 2018 / 10:14 AM / 2 years ago

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

Dallas Federal Reserve Bank President Robert Kaplan walks after the True Economic Talks event in Mexico City, Mexico, July 14, 2017. REUTERS/Edgard Garrido

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.

“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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