Robert Kaplan Says Fed Should Hold Barring ‘Material’ Change in Outlook
- Dallas Fed’s Kaplan discusses views in Bloomberg TV interview
- Boston’s Rosengren sees this as ‘good time’ to be patient
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Two Federal Reserve policy makers reiterated that interest rates are on hold unless there’s a material change in the outlook for the U.S. economy.
Comments Tuesday by Dallas Fed President Robert Kaplan and Boston’s Eric Rosengren reinforce the message from the U.S. central bank last week that policy makers judge they’ve done enough to support growth following three consecutive rate cuts.