Dallas Fed President Says 'Brexit' Vote A Factor In Rate Decision

Voters in the United Kingdom will take to the polls on June 23 and vote on the "Brexit" question and decide if the United Kingdom will withdraw from the European Union. Meanwhile, the Federal Reserve will gather on June 15 to decide on a potential interest rate change.

What does one event have to do with the other?

Speaking to Bloomberg, Federal Reserve Bank of Dallas President Robert Kaplan said the Brexit vote will be a "factor" that Federal Reserve members, himself included, will need to consider in any rate decision.

"I am going to have to make an assessment on June 15 what the likelihood is and right now it is unclear," he said. "If it is still unclear on June 15 I think that will be a factor."

Kaplan continued that there is a "whole range of impacts" if the United Kingdom were indeed to remove itself from the European Union. He highlighted a potential impact on the United Kingdom currency and any "ripple effect" this may have on other countries which may lead to further "instability" in the global markets.

"If it did happen, we are going to have to take some time to digest it," he concluded.