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.

“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.

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