February 7, 2018 / 11:23 AM / 2 years ago

Fed's Kaplan says market correction healthy, sees no economic impact

Dallas Federal Reserve Bank President Robert Kaplan walks after the True Economic Talks event in Mexico City, Mexico, July 14, 2017. REUTERS/Edgard Garrido

FRANKFURT (Reuters) - The recent selloff on the stock markets is a “healthy” correction from high valuations, Dallas Fed President Robert S Kaplan said in Frankfurt on Wednesday, adding he did not think it would have repercussions on the economy.

“I don’t think so (that it would have economic implications), I think it’s basically a market event and these things can be healthy,” Kaplan said in response to a question.

Reporting by Balazs Koranyi and Francesco Canepa; Editing by Alison Williams

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