February 7, 2018 / 11:24 AM / 18 days ago

Fed's Kaplan says market correction healthy, sees no economic impact

FRANKFURT (Reuters) - The recent selloff on the stock markets is a “healthy” correction from high valuations, Dallas Fed President Robert S Kaplan said in Frankfurt on Wednesday, adding he did not think it would have repercussions on the economy.

“I don’t think so (that it would have economic implications), I think it’s basically a market event and these things can be healthy,” Kaplan said in response to a question.

Reporting by Balazs Koranyi and Francesco Canepa; Editing by Alison Williams

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