Fed Getting Closer to Neutral Rate, Says Goldman's Kaplan
Former Dallas Fed President and Goldman Sachs Vice Chair Robert Kaplan says the Federal Reserve is getting closer to its neutral rate of between 3.50% and 3.75%. Kaplan says he...
By Bloomberg Markets · Bloomberg Markets
Former Dallas Fed President and Goldman Sachs Vice Chair Robert Kaplan says the Federal Reserve is getting closer to its neutral rate of between 3.50% and 3.75%. Kaplan says he would cut interest rates this month and it's important for the Fed to get as close as it can to its target of 2% inflation. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)