Kaplan in New York
– Backs gradual policy tightening because economy and inflation aren’t running too hot
– Crackdown on illegal immigrants could hit US consumer spending and GDP growth
Sounds like he will be supporting a June 14 hike but he’s not committed to anything beyond that. Although he did say that his base case remains three total hikes this year with a balance sheet unwind beginning this year. He’s said that several times before.
