Fed's Kaplan (dove, non-voter): comfortable with one more rate hike in Dec - Q&A with reporters
- Sees two more rate hikes in 2019 as base case
- Favors keeping options open when rates reach neutral level; precise level of neutral rate is uncertain
- Accommodative guidance served a purpose for years
- Fed no longer needs to be accommodative but hasn't reached judgment if it should become restrictive
- Will need to make judgment next spring or summer on whether policy should be restrictive