Kaplan Calls for Patience as Fed Assesses Outlook, Policy Stance
- Dallas Fed president says financial conditions have tightened
- Developments outside U.S. must be analyzed carefully
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Federal Reserve Bank of Dallas President Robert Kaplan said it’s premature to judge what policy makers will decide about interest rates at their meeting in March, as they gauge the implications of a dimmer global outlook for U.S. jobs and inflation.
“I don’t think it’s a good thing, pro or con, to be assessing what we will or won’t do,” Kaplan told journalists Thursday after speaking at a forum in Dallas. “To be patient, not have a predetermined plan, to be agnostic about actions we take, watchfully waiting” is “the appropriate stance at the moment,” he said.