Fed should be cautious on further rate hikes, Kaplan says

Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas, speaks during a Bloomberg Television interview at the Bankers Club Mexico in Mexico City, Mexico, on Friday, Nov. 4, 2016.

Susana Gonzalez | Bloomberg | Getty Images

Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas, speaks during a Bloomberg Television interview at the Bankers Club Mexico in Mexico City, Mexico, on Friday, Nov. 4, 2016.

The Federal Reserve should be cautious about any further interest-rate hikes, Dallas Federal Reserve President Robert Kaplan said on Friday, just two days after he voted with the majority of his colleagues to raise rates for the second time this year.

“We should be very careful about raising rates and we should do it patiently and carefully,” Kaplan said at a meeting of the Park Cities Rotary Club in Dallas, adding that he will need to see…

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