Former Dallas Fed Pres. Kaplan predicts no rate cuts soon

Kaplan Discusses Fed’s Interest Rate Outlook

Robert Kaplan, former Dallas Fed president and current Goldman Sachs vice chairman, shared insights on ‘Squawk Box’ regarding the Federal Reserve’s interest rate strategy, emphasizing that rate cuts are unlikely in the near term.

Labor Market Resilience Highlighted

Kaplan noted the strength of the labor market, indicating that robust employment levels may influence the Fed’s decisions on interest rates, supporting the view that cuts are not imminent.

Economic Conditions Assessed

Kaplan assessed the current state of the economy, suggesting it remains resilient despite challenges, which could impact monetary policy moving forward.

Next Fed Chair Search

The discussion also touched on the search for the next Federal Reserve chair, with Kaplan highlighting the importance of finding a candidate who can navigate future economic uncertainties effectively.