WASHINGTON (Reuters) - U.S. Federal Reserve Governor Jerome Powell said on Thursday he does not see Britain’s June 23 vote on whether to leave the European Union as a systemic risk, but added that it is a possible reason for caution in raising U.S. interest rates.
“I don’t think you are looking at a systemic event,” Powell said in a response to a question following a speech in Washington.
He added that the so-called Brexit vote could still be a factor in whether the U.S. central bank decides to wait a little longer before it raises rates again. The Fed increased rates in December, the first such move in nearly a decade.
Reporting by Lindsay Dunsmuir and Howard Schneider; Editing by Paul Simao