Reported 7 months ago
Former Dallas Federal Reserve Bank president and Goldman Sachs Vice Chairman Robert Kaplan discusses the current state of inflation and the possibility of an interest rate cut. Kaplan mentions that the Fed is getting prepared to potentially cut rates in September as more economic data provides a clearer inflation picture. He explains that while having restrictive monetary policy, there is accommodative fiscal policy that is blunting some of the monetary policy, contributing to the economy's resilience. Kaplan also highlights the uncertainties caused by factors like deglobalization, energy transitions, an aging society, and shortages of labor in the service sector. He emphasizes the usefulness of the dot plot in conveying the various perspectives and debates within the Fed.
Source: YAHOO