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Fed's Kaplan isn't ready to cut interest rates: Fox Business Network

EconomyJun 28, 2019 09:40AM ET
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© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan poses at a luncheon in El Paso

WASHINGTON (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Friday said he is not backing interest rate cuts until he sees clearer evidence the U.S. economy is in trouble.

"I don't want to be cutting rates to do fine-tuning. I'd rather be adjusting policy if I thought there was some material deterioration," Kaplan, who does not have a vote this year on interest rate policy decisions but participates in discussions at the U.S. central bank, said in an interview with Fox Business Network. "That's why I want to take a little more time to see how events unfold."

Fed's Kaplan isn't ready to cut interest rates: Fox Business Network
 

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Comments (2)
Andrew carson
Andrew carson Jun 28, 2019 10:02AM ET
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It will become very clear but then it will be too late. Classic
Chris Yeo
Chris Yeo Jun 28, 2019 9:58AM ET
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Just cut the rates.
 
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