Two Fed Officials Urge Caution on Timing of Next Rate Hike

  • Fed ought to wait for higher inflation: Philadelphia's Harker
  • Dallas Fed's Kaplan says patience warranted until GDP improves

What Is the Fed Doing to the Markets?

Two Federal Reserve officials argued for caution over the timing of the next interest-rate increase as a stronger dollar and weakness abroad hinder efforts to drive inflation higher, while a third policy maker said the case for a hike was clear.

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