17.9 C
New York
Monday, May 23, 2022

Fed should ‘get out of the way’ on rate hikes until June: Kaplan

Fed should 'get out of the way' on rate hikes until June: Kaplan© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan gestures during a news conference after of the True Economic Talks event in Mexico City

AUSTIN (Reuters) – The Federal Reserve needs to “get out of the way” until at least mid-year amid downside risks including slowing global growth, weakness in the U.S. housing and manufacturing sectors, and tightening financial conditions, Dallas Federal Reserve Bank Robert Kaplan said on Friday.

“It’s very important that the Fed get out of the way here and take no action in terms of the Fed funds rate for the time being,” Kaplan told the Texas Lyceum in Austin, adding that his base case is for the Fed to leave rates unchanged until at least June.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles