Robert Kaplan, President of the Federal Reserve bank of Dallas, explained that it would take a material change in the US economic outlook for him to support a change to the policy rate.
“Risks to the economy are more balanced when compared to earlier in the year,” Kaplan elaborated. “Growing corporate debt is a potential risk to the economy and could be an amplifier in a downturn.”
The US Dollar Index, which recovered modestly on the back of upbeat Industrial Production data earlier in the session, was up 0.03% at 97.17 following these comments.
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