The Fed: Fed’s Kaplan says he’s on the fence about interest-rate cut

Bloomberg News/Landov
Dallas Fed President Robert Kaplan is an influential voice on the central bank.

Dallas Fed President Rob Kaplan on Monday tried to slow down the rush to an interest-rate cut, saying he would take more time to watch developments before deciding to ease.

“I believe it would be wise to take additional time and allow events to unfold as we consider whether it is appropriate to make changes to the stance of U..S. monetary policy,” Kaplan said, in an essay published on his bank’s website.

Kaplan is not a voting member of the Fed’s interest-rate committee this year. But he remains an influential voice stemming from his role on the central bank’s communications subcommittee.

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