Fed must monitor 'overheating' in wake of U.S. tax cuts: Kaplan
The Federal Reserve must be wary of the "risk of overheating" the economy in the wake of sweeping tax cuts that could raise already unsustainable debt levels even while they boost business investment, Dallas Fed President Robert Kaplan said on Wednesday.
"We want to avoid a situation where we have such an overheating that we`re playing catch up," Kaplan said at a business event. The cuts are in part a concern, he said, "because I think debt levels of the country are unsustainable."
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.