August 22, 2019 / 7:52 PM / 4 months ago

Fed's Kaplan says would like to avoid taking further action on rates: CNBC

FILE PHOTO: Dallas Federal Reserve Bank President, Robert Kaplan, stands on a stage at Stanford University's Hoover Institution where he is attending an annual monetary policy conference in Stanford, California, U.S., May 4, 2018. REUTERS/Ann Saphir/File Photo

(Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Thursday that he would like to avoid cutting rates again in September, but has an “open mind.”

"I'd like to avoid having to take further action but I think I'm going to have an open mind about taking action over the next number of months if we need to," Kaplan told CNBC in an interview

Kaplan also said expectations for growth are about 2% this year, but he is monitoring weakness in the manufacturing sector and slowing global growth.

Reporting by Rama Venkat in Bengaluru; Editing by Dan Grebler

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