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Britain's EU vote does not pose systemic risk -Fed's Powell
May 26, 2016 / 5:11 PM / 2 years ago

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

WASHINGTON, May 26 (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)

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