WASHINGTON, Nov. 14 (Xinhua) -- Robert Kaplan, president of the U.S. Federal Reserve Bank of Dallas, said on Tuesday that he is "actively considering" backing another rate hike at the central bank' s policy meeting next month.
"History has shown that normally when we have a substantial overshoot the Fed ultimately needs to take actions to play catch-up," Kaplan said in an interview with Financial Times.
Kaplan, who is a voting member of the Fed's policy-making committee this year, said he was increasingly concerned that the historically low unemployment rate required heightened vigilance despite the stubbornly low inflation.
U.S. unemployment rate dropped to 4.1 percent in October, hitting a 17-year low, according to the Labor Department.
Kaplan believed there was a strong case for moving forward with further rate hikes before any signs of actual price increases.
"The reason for moving sooner rather than later (is) it might increase the likelihood that we are able to move patiently, gradually, and I want to avoid a situation where we get behind the curve and have to move much more rapidly," he said.
The Fed will hold its next policy meeting on Dec. 12-13. Fed policymakers have repeatedly signaled that there would be one more rate hike by the end of the year.
