February 2, 2018 / 8:39 PM / 7 months ago

Fed's Kaplan says he is more confident three hikes needed this year

AUSTIN, Texas (Reuters) - Dallas Federal Reserve President Robert Kaplan said on Friday that he has grown more confident the U.S. central bank will need to raise rates three times this year.

Dallas Federal Reserve Bank President Robert Kaplan gestures during a news conference after of the True Economic Talks event in Mexico City, Mexico, July 14, 2017. REUTERS/Edgard Garrido

“I think I feel more strongly that it should be three,” Kaplan told reporters in Austin, Texas, adding that employment data released earlier in the day was consistent with his views on the U.S. outlook.

Reporting by Jon Herkovitz in Austin; Editing by Chizu Nomiyama

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