Tags: fed | rates | kaplan | dallas

Kaplan: Fed May Need to Raise Interest Rates in 'Near Future'

Image: Kaplan: Fed May Need to Raise Interest Rates in 'Near Future'

 
President and CEO Federal Reserve Bank of Dallas. Robert Kaplan (Federal Reserve Bank of Dallas)

Tuesday, 28 Feb 2017 06:34 AM

The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said.

Kaplan, who is a voting member on the central bank's rate-setting committee this year, clarified a point he has made several times in recent weeks that a rate increase should come sooner than later.

"Sooner rather than later means in the near future," Kaplan told journalists after speaking at an event with university students in Norman, Oklahoma.

Kaplan did not specify at which policy meeting he thought the Fed should raise rates.

Fed Chair Janet Yellen has cited the next three policy meetings - in March, May and June - as possible occasions for a rate increase. The Fed last raised rates in December and signaled that three further increases were likely in 2017.

Kaplan said U.S. consumers were positioned to push the economy to grow more than 2 percent this year. 

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Economy
The U.S. Federal Reserve might need to raise interest rates in the near future to avoid falling behind the curve on inflation, Dallas Fed President Robert Kaplan said.
fed, rates, kaplan, dallas
160
2017-34-28
Tuesday, 28 Feb 2017 06:34 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved