Reuters logo
Britain's EU vote does not pose systemic risk: Fed's Powell
May 26, 2016 / 5:31 PM / a year ago

Britain's EU vote does not pose systemic risk: Fed's Powell

Federal Reserve Governor Jerome Powell attends the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming August 28, 2015. REUTERS/Jonathan Crosby

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below