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Dallas Fed's Kaplan still backs 3 rate hikes this year

Federal Reserve Bank of Dallas President Robert Kaplan still backs three rate hikes from the central bank this year, though he is open to adding a fourth, according to Reuters.

Kaplan's comments come two days after the Federal Open Market Committee raised its benchmark interest rate, marking the second rate hike of the year.

Fed officials signaled that they would back two more actions this year, up by one from their earlier projection, but they remain almost evenly split on the question.

For his part, Kaplan told reporters after a San Francisco event that he still thinks three rate hikes in total are appropriate, but he added that he is "very open-minded" about adding a fourth, Reuters reported.

Kaplan, who does not vote on the FOMC this year, said he wants to ensure that the central bank continues to move toward a neutral stance of monetary policy, one that neither helps encourage nor dampens economic growth.