Dallas Fed CEO: We must be careful not to stoke anti-US fervor in Mexico [View all]
MCALLEN, RGV – Robert S. Kaplan, president and CEO of the Federal Reserve Bank of Dallas, is concerned that some of the rhetoric coming out of the United States may result in Mexico electing an anti-American president next year.
Mexicans go to the polls on July 1, 2018. According to some polls, leftist Andres Manuel Lopez Obrador, who leads the National Regeneration Movement (MORENA) party, is the front-runner ahead of next year’s presidential election.
Kaplan gave his views on anti-Mexican rhetoric, trade with Mexico, immigration and the value of the peso at the Border Economic Development and Entrepreneurship Symposium hosted by the Dallas Fed, UT-Rio Grande Valley’s Robert C. Vackar College of Business & Entrepreneurship, and McAllen Chamber of Commerce. He took questions from Marie T. Mora, associate vice provost for faculty diversity at UTRGV, and from those in the audience. He also held a news conference with reporters.
Asked by Mora and renegotiation of the North American Free Trade Agreement, Kaplan said: “My concern is, I think it is a constructive thing for us to be leveling the playing field and renegotiating trade agreements. I think some of these other issues and the rhetoric associated with them, my fear is, when you go to Mexico, they have an election coming up in July of 2018 and I would not want to see a situation where in order to get elected president of Mexico, you need to be anti-America, anti-American.”
Read more: http://riograndeguardian.com/dallas-fed-ceo-we-must-be-careful-not-to-stoke-anti-us-fervor-in-mexico/
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