Federal Reserve Bank of Dallas President Robert Kaplan said a rate increase at the next policy meeting in September is still possible even after a report last week showed second-quarter growth was weaker than expected.
Growth data will be revised and Fed policy makers will get two more employment reports before the next meeting, Kaplan, who will have a vote on monetary policy next year, said Monday in a Bloomberg Television interview in Beijing. He said the Dallas reserve bank’s 2016 growth forecast will still probably call for an expansion of just less than 2 percent.
