March 30, 2017 / 7:47 PM / 10 months ago

Fed's Kaplan sees two more rate increases in 2017

WASHINGTON (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Thursday said he expects two additional interest rate increases this year, a view that is in line with the majority of Fed policymakers.

The Fed has already raised rates once this year, at a policy meeting earlier this month, and Kaplan told a business forum in Washington that three hikes for the entire year was a good “base case” outlook.

Reporting by Jason Lange; Editing by Chizu Nomiyama

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