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Dallas Fed's Kaplan 'actively considering' backing December rate rise - FT

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Dallas Fed's Kaplan 'actively considering' backing December rate rise - FT

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(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. http://on.ft.com/2zGP4yH 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.

(Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier)
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