Federal Reserve Bank of Dallas

Federal Reserve Bank of Dallas President Robert Kaplan cautioned against policy actions that would push short-term borrowing costs above longer-term yields and said the U.S. central bank should move gradually with its plan to raise interest rates.

Texas service sector activity “continued to increase in April, albeit at a slower pace than last month.”

Texas factory activity, as measured by the production index, “rose markedly in April after posting slower growth in March.”

Federal Reserve Bank of Dallas President Robert Kaplan said trade issues between the U.S. and China won’t get resolved soon and warned of potential damage.

Texas factory activity, as measured by the production index, “continued to expand in March, albeit at a markedly slower pace than last month.”

Two regional Federal Reserve bank presidents said they favor raising interest rates twice more this year following a hike this week, but were open to shifting their views if the outlook warranted a different policy approach.

Texas service sector activity “continued to reflect expansion in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 13.2 from 12.8.

Texas factory activity, as measured by the production index, “expanded at a faster pace in February.”

Calling for gradual and patient interest rate hikes, Federal Reserve Bank of Dallas President Rob Kaplan warned that three major challenges to the economy’s health must be addressed.

Federal Reserve Bank of Dallas President Robert Kaplan said market upheavals may be beneficial and he doesn’t expect them to have a negative impact on the economy.