February 26, 2020 / 2:38 AM / a month ago

Fed's Kaplan says unclear right now if coronavirus calls for U.S. rate change - WSJ

Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank's headquarters in Dallas, Texas, U.S. January 9, 2020. REUTERS/ Ann Saphir/Files

(Reuters) - Federal Reserve Bank of Dallas President Robert Kaplan said on Tuesday events are still too fluid around the coronavirus outbreak to say the U.S. central bank needs to lower short-term rates, the Wall Street Journal reported on Tuesday.

Kaplan said when it comes to central-bank interest-rate policy and the coronavirus, “it’s too soon to make a judgment about how it might relate to monetary policy,” according to the report.

“I still think we are a number of weeks away from being able to make the judgment” whether a rate change is required, the WSJ reported Kaplan as saying.

Reporting by Rishika Chatterjee in Bengaluru; Editing by Shounak Dasgupta

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