Business · Economy · 2 hrs ago

Robert Kaplan Says Fed Can Wait One Meeting Before Raising Rates

Robert Kaplan Says Fed Can Wait One Meeting Before Raising Rates

Robert Kaplan, a Goldman Sachs vice chairman and former head of the Dallas Federal Reserve, says the Federal Reserve can wait one meeting before raising rates.

He says the central bank should keep assessing economic indicators during that time.

His view concerns the timing of a possible rate increase.

The delay would give officials more time to judge economic data before deciding whether to raise rates.

The decision matters because it would affect when the central bank next considers a rate increase.

Kaplan says the Fed can wait for one meeting; no later decision is specified.

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