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

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

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.

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

“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

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