Dallas Fed's Kaplan Says Market Swings May Not Reflect Economy
- Policy makers can't overreact to market moves, Kaplan says
- Kaplan says that he would have `bias' toward normalization
Kaplan: Markets May or May Not Reflect Underlying Economy
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Federal Reserve Bank of Dallas President Robert Kaplan said that while policy makers are watching stock-market swings, the moves may not reflect the underlying economy and officials shouldn’t overreact.
“This has been a very tough start to the year,” Kaplan said Wednesday in an interview on Bloomberg Television with Michael McKee. “You’ve got to watch these market moves, but you’ve got to realize that they may or may not reflect what’s going on with the underlying economy in the United States.”