Dallas Fed President supports gradual rate cuts - uncertain economic outlook.
October 9, 2024 23:05 JST (excerpt)
Robert Kaplan, President of the US Dallas Federal Reserve, stated that he supports a more gradual rate cut as the central bank lowers its policy interest rates from near 20-year highs.
Mr. Kaplan continues to emphasize both inflation and employment, the two mandates of the US central bank, while pointing out several risks in the economic outlook. Due to these risks, he expressed the view that a more cautious approach to policy is justified. Although he does not have a vote on this year's Federal Open Market Committee (FOMC), he stated that he supported the rate cut at the September meeting.
Robert Kaplan, President of the US Dallas Federal Reserve, stated that he supports a more gradual rate cut as the central bank lowers its policy interest rates from near 20-year highs.
Mr. Kaplan continues to emphasize both inflation and employment, the two mandates of the US central bank, while pointing out several risks in the economic outlook. Due to these risks, he expressed the view that a more cautious approach to policy is justified. Although he does not have a vote on this year's Federal Open Market Committee (FOMC), he stated that he supported the rate cut at the September meeting.
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