Economics
Fed's Robert Kaplan Urges Rate-Hike Patience for ‘Months, Not Weeks’
- Dallas Fed chief reiterates call for patience amid uncertainty
- Kaplan says he doesn’t want to prejudge whether Fed is done
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Federal Reserve Bank of Dallas President Robert Kaplan said he wants the U.S. central bank to take its time and watch how the economy evolves before it lifts interest rates again -- but he’s not ready to call an end to the hiking cycle.
“I don’t think we should be prejudging or be predetermined about what we’re going to do -- I do think though, for some period of time, and we’ll see what that time is, I think it’d be wise to be patient,” Kaplan told reporters in Plano, Texas, on Tuesday. “I’ve said a quarter or two, I don’t know -- we’ll figure out in hindsight which it is -- but I think it’s in the matter of months, not weeks.”