Dallas Fed President Robert Kaplan said Friday that he remains undecided over whether to support an interest rate hike in December. “I am open minded about December but I am not there yet,” Kaplan said in an interview on CNBC. Kaplan said inflation remains below the Fed’s 2% target and the central bank “can afford to be patient about removing accommodation.” Kaplan, who is a voting member of the Fed’s interest-rate committee, said many of the job losses in September will turn out to be temporary. Stepping back, he said the labor market is still tightening but some slack remains.
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