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Fed's Kaplan drops call for near-term U.S. rate hike
Reuters: A top Federal Reserve policymaker on Thursday dropped his promise to advocate for a U.S. interest-rate hike soon, and suggested that current near-zero rates may not be stimulating the economy as much as thought.
In remarks prepared for delivery to the Money Marketeers in New York, Dallas Federal Reserve Bank President Robert Kaplan made no changes to his forecasts for U.S. growth and inflation. And he said, as he has in other recent appearances, that the removal of the Fed's monetary policy accommodation "should be done in a gradual and patient manner."
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