Federal Reserve Bank of Dallas

The Federal Reserve can be patient and watch the economy without changing monetary policy for “the next several months,” according to Federal Reserve Bank of Dallas President Robert Kaplan.

Texas service sector activity “grew at a faster pace in January,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 14.9, from 10.1.

Texas factory activity growth, as measured by the production index, “continued to expand in January.”

Federal Reserve Bank of Dallas President Robert Kaplan said he wants the U.S. central bank to take its time and watch how the economy evolves before it lifts interest rates again.

Federal Reserve Bank of Dallas President Robert Kaplan said the U.S. central bank should put interest rates on hold as it waits to see how uncertainties about global growth, weakness in interest-sensitive industries and tighter financial conditions play out.

Texas service sector activity “grew at a slower pace in December,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 10.1, from 21.4.

Federal Reserve Bank of Dallas President Robert Kaplan said that he’ll be counseling patience as the central bank moves into 2019 against a backdrop of slowing growth and no sign that inflation is taking off.

Texas service sector activity “grew at a faster pace in November.”

Texas factory activity growth, as measured by the production index, “continued to expand in November, albeit at a markedly slower pace.”

While the neutral rate has its limitations, its concept is useful, Federal Reserve Bank of Dallas President Robert Kaplan wrote in an essay released Wednesday.