Dallas Fed chief calls for interest rate 'action' when benchmarks met

'Meaningful improvement in mobility and engagement' will be barometer, Robert Kaplan says

20210329NY ROBERT KAPLAN

Dallas Federal Reserve Bank President Robert Kaplan expects 6.5% growth in the U.S. economy this year. © Reuters

TAKESHI KAWANAMI, Nikkei staff writer

WASHINGTON -- Dallas Federal Reserve Bank President Robert Kaplan says that he takes a position "different than the median" among Fed officials on interest rate hikes and that he "will be advocating that we should be taking action" once benchmarks for employment and inflation are met.

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