Kaplan: Fed Should Act by Fall If Inflation Persists
AI Summary
Robert Kaplan, former Dallas Fed president and Goldman Sachs vice chairman, warns that the Federal Reserve may need to take action by fall if inflation persists. His comments highlight growing market pressure for price stability in the United States.
Robert Kaplan, a former Dallas Fed president and current vice chairman of Goldman Sachs, says the Fed will be under pressure to deliver price stability if inflation prints don't cool over the summer. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)