New Dallas Federal Reserve Bank Robert Kaplan supported gradually raising interest rates, saying delaying additional increases could be painful to resolve.
In remarks prepared for Dallas chapters of Financial Executives International, the Association for Corporate Growth, and the National Association of Corporate Directors, the new Fed official did not indicate his preferred timing for future rate raises.
Last month, the US central bank increased benchmark interest rates by a quarter of a percentage point, its first hike since June 2006.
Economists projected the Fed will hike rates in March and are digesting comments from policymakers for clues on whether the view is on target.
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