Goldman’s Kaplan Says Fed May Hike by Fall, Sees Risk of More
AI Summary
Rob Kaplan, Vice Chairman of Goldman Sachs and former Dallas Fed president, stated that the Federal Reserve may raise interest rates by September if inflation remains high. There is a risk of additional rate hikes depending on economic conditions.
The Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated, according to Rob Kaplan, vice chairman at Goldman Sachs Group Inc. and former Dallas Fed president.