Fed needs time to weigh global risks to U.S. economy: Kaplan

January 29, 2016 6:13 PM

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Fed needs time to weigh global risks to U.S. economy: Kaplan

NEW YORK The Federal Reserve needs more time to assess how global economic weakness and financial market turmoil will hurt the U.S. economy and will be patient about policy decisions, a Fed policymaker said on Friday.

In an interview with Reuters, Dallas Fed President Robert Kaplan offered his explanation of the central bank's decision this week to drop a reference in its policy statement to "balanced" economic risks.

Also read: Italy: The Next Stop on Populism’s Global March

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