Home | Breaking News | 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

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

WT24 Desk

FRANKFURT-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,Reuters reports.

“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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

%d bloggers like this: