Dallas Fed President Robert Kaplan said Thursday that he's open-minded about supporting more interest-rate cuts, according to a Reuters report. Kaplan, who is not a voting member of the Fed's interest-rate committee, said only "time will tell" if more easing is needed. The Fed has cut interest rates twice by a quarter-percentage point in successive meetings. The next interest-rate policy meeting is set for Oct. 29-30. The Dallas Fed president seemed open to another move, saying that he would rather lower rates "when it matters, which I think is doing it sooner rather than later." If the Fed waits until the weak business investment seeps into other parts of the economy, it would have waited too long, he said, during a community forum hosted by the Houston branch of the regional bank.
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