Fed's Kaplan: Fed should make policy without political consideration

In an interview with CNBC, Dallas Fed President Robert Kaplan said that the Fed should make policy decisions without political considerations.

Key quotes (via Reuters)

  • On U.S. President Trump's comment on the Fed, says it would not affect their decision making.
  • GDP forecast has moved to high end of range.
  • U.S. Household is in pretty good shape right now.
  • Ought to be raising rates 3 to 4 times in the next 9 to 12 months.
  • Shape of yield curve suggests medium-term outlook is more sluggish than the short run indicators would suggest.

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