Fed’s Kaplan: Sees potential for a Fed rate cut at the Sep FOMC meeting

The Wall Street Journal reports the most recent comments from the metropolis Federal Reserve (Fed) President Kaplan, as he says that he sees a possible for a Fed rate cut at the Sep FOMC meeting.

Further Comments:

Supported the central bank's move to chop its benchmark rate of interest by a quarter-point last month.

Open to another reduction within the months ahead.

Trade uncertainty cuts the prospect people and world growth.

The North American nation dollar index paid no heed to Kaplan’s comments and survived to the recovery gains close to ninety eight.30, up +0.11% so far. Focus remains on Fed Chair Powell’s speech later these days at the Jackson Hole conference.