February 2, 2018 / 8:24 PM / 10 months ago

Fed's Kaplan sees inflation pressures building in 2018

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

AUSTIN, Texas (Reuters) - The U.S. economy will show further signs of inflation pressure in 2018 and the Federal Reserve should continue raising interest rates, Dallas Federal Reserve President Robert Kaplan said on Friday.

“You will see some inflation pressure this year,” Kaplan said told a conference in Austin, Texas. “I believe that the Fed should be removing accommodation gradually but deliberately.”

Reporting by Jon Herkovitz in AustinEditing by Chizu Nomiyama

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