Central bank has luxury to wait on rates given muted inflation: Fed’s Kaplan

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.

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.