Reported 5 months ago
Robert Kaplan, a former president of the Federal Reserve's Dallas branch, suggests that a reduction in interest rates is likely in September due to recent improvements in inflation. However, he cautions that this does not indicate the start of a broader rate-cutting trend, given ongoing fiscal deficits and high energy prices. Kaplan believes the Fed might implement another cut in December, but emphasizes a cautious, step-by-step approach in responding to economic conditions.
Source: YAHOO