FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks with an attendee at an annual energy conference at the Dallas Fed headquarters in Dallas, Texas, U.S. September 7, 2018. REUTERS/Ann Saphir
January 15, 2019
PLANO, Tex (Reuters) – With risks multiplying and inflation tame the U.S. Federal Reserve has the luxury to wait before raising interest rates again, and should take advantage of it, Dallas Federal Reserve bank president Robert Kaplan said on Tuesday.
“The fiscal stimulus is going to wane. The Fed has raised rates nine times…When you put it all together – trade tensions, government shutdown – my feeling is that we would be wise…to wait,” said Kaplan, the latest Fed official to join a developing consensus to leave rates on hold until a varied set of economic risks resolves itself.
(Reporting by Howard Schneider; Editing by Chizu Nomiyama)
