Robert Kaplan, president of the Federal Reserve's Dallas district, said low inflation is here to stay.
The Federal Reserve ought to stop raising interest rates until it gets a clearer picture of where the economy is headed, Robert Kaplan, president of the central bank's Dallas district, said in an interview Thursday.
The number of interest rate hikes next year has been the subject of debate on Wall Street as concerns about an economic slowdown continue to slam the stock market.
Stocks fell on Wednesday as shares of Apple rolled over and fell briefly into a bear market. A decline in bank shares also pressured the broader market.
The Federal Reserve needs to raise interest rates about four more times before it reaches an equilibrium level, Dallas Fed President Robert Kaplan says.
Inflation is nearing the Fed's 2 percent goal while not accelerating enough to suggest the economy is overheating, Dallas Federal Reserve President Robert Kaplan said.
Dallas Fed President Robert Kaplan thinks economic growth can start to look sluggish in the future.
The prosperous market conditions of high growth and low inflation will soon have run its course, according to the CIO at Alliance Bernstein.
Global worries over an emerging "trade war" pose an uncertainty for the Federal Reserve, officials said Wednesday.
Robert Kaplan said that hurting U.S. relationships with trading partners would be against its own interest.
Raising rates gives the U.S. the best chance to keep pushing the economy forward, Dallas Fed's president says.
U.S. government debt yields rose Tuesday after North Korea said it was open to talking with the United States regarding denuclearization.
Economic growth in the U.S. may peak this year and could slow in the coming two years, Dallas Fed President Robert S. Kaplan said Thursday.
The recent sell-off in the stock markets is a "healthy" correction from high valuations, Dallas Fed President Robert Kaplan said in Frankfurt on Wednesday.
"There's a lot of enthusiasm in markets, but the thing that worries me the most is that people don't seem to be worried," says professor Randy Kroszner.
Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled he may once again dissent of the Fed raises rates in December.
Dallas Fed's Robert Kaplan said he will be looking for more signs of upward inflation as he weighs potential interest-rate hikes.
Dallas Fed President Robert Kaplan says he's "open minded" about an interest rate hike in December, but he's "not there yet."
Gold fell to its lowest in seven weeks on Tuesday after strong U.S. economic data reinforced expectations of another interest rate rise.
The Fed is getting more dovish in the face of weak inflation data, reducing the likelihood of a third rate hike this year, which traders already see as very unlikely.