Fed's Kaplan calls for pause in interest-rate hikes, says open to slowing balance sheet runoff

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Fed's Kaplan says stock selloff justifies a pause in interest-rate hikes

 

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Fed’s Kaplan Says It’s Time to Hold Off on Interest-Rate RisesFederal Reserve Bank of Dallas leader Robert Kaplan told Bloomberg TV that the central bank should move to the sidelines until it can determine whether economic anxieties are temporary or a sign of something worse. Are you using innovation as an input in your modeling when considering raising rates? It's critical Sometimes it's better to just do than explain, especially when the explaining is coming from the bench. 'move to the sidelines' is a really poor word choice. Way to take yourself out of the game, Mr. Kaplan.
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