Fed's Kaplan: Comfortable with one more rate hike this year, base case is for two hikes next year

While speaking to reporters at an event in Texas, Dallas Fed President Robert Kaplan said that he was comfortable with one more rate hike in December and added that his base case was for two more rate hikes in 2019.

Key quotes (via Reuters)

• Fed no longer needs to be accommodative, but has not reached judgment if it should become restrictive.
• Expects to need to make judgment next spring or summer on whether Fed policy should be restrictive.
• Removal of uncertainty on North American trade agreement will be helpful for regional, national economy.
• Doesn't necessarily favour pause in rate hikes after getting to neutral, just an assessment if further hikes needed.