Dallas Fed’s Kaplan says another rate hike may come soon | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: Rob Kaplan, president of the Dallas Fed, said Tuesday he expects an interest rate hike in the “not-too-distant future” if the economy recovers after a “mediocre” first quarter. Kaplan said he thinks the economy will recover to “a small under 2%” growth for the full year, led by strong consumer spending and a healthy labor market. The Dallas Fed president defended the Fed’s December interest rate hike, the first policy tightening in nearly a decade. “The go in December I reckon was the right go but I reckon we’re going to have to be slow and patient,” he said. “It doesn’t mean standing still. And I reckon we will make another go sometime in the not too distant future if GDP recovers in the way I expect,” he said. Kaplan is not a voting member of the Fed’s policy committee this year.)