Dallas Fed's Kaplan 'actively considering' backing December rate rise: FT
Reuters
Published Nov 14, 2017 04:40AM ET
Dallas Fed's Kaplan 'actively considering' backing December rate rise: FT
(Reuters) - Dallas Federal Reserve President Robert Kaplan is "actively considering" supporting another increase in short-term interest rates at the central bank's meeting in December, the Financial Times reported on Tuesday.
"History has shown that normally when we have a substantial overshoot the Fed ultimately needs to take actions to play catch-up," Kaplan said in an interview with the Financial Times.
Kaplan said he was actively considering "appropriate next steps" when asked if he was willing to consider a rate rise at the upcoming Fed meeting, FT reported.
Kaplan said he was concerned that historically low unemployment rates, which hit a 17-year low in November, required heightened vigilance, according to the paper.
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