Fed's Kaplan: Fed should be taking steps to hike rates patiently and gradually

Felipe Erazo FXStreet

Dallas Fed's President Robert Kaplan is hitting the wires, via Reuters, stating that the central bank should be taking steps to raise rates patiently and gradually. Also, he doesn't want to raise rates so aggressively to jolt the economy into a slowdown. "A dual mandate for Fed is appropriate, but reasonable people can debate that", Kaplan said.

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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