Fed's Kaplan says backs gradual rate increases in 2017

Fed's Kaplan says backs gradual rate increases in 2017

Nir Elias

"We should be removing accommodation in 2017. I think we can do it gradually and patiently," Kaplan, who has a vote on Fed interest rate policy this year, told an economics conference in Chicago, adding that he was not ready to "pre-judge" changes in tax and spending policies in the incoming administration.

(Reporting by Ann Saphir and Jason Lange; Editing by Meredith Mazzilli)

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