The Federal Reserve is likely to reduce interest rates in September in light of recent progress on inflation, but the move isn’t likely to mark the beginning of a full-fledged rate-cut cycle, according to the former president of the Fed’s Dallas branch.
“Its path for September is pretty clear,” Robert Kaplan, who left the Fed in October 2021 and is now vice chairman at Goldman Sachs Group Inc., said Thursday. “I think there’s a good chance they could do one more cut in December.”

The Federal Reserve is likely to reduce interest rates in September in light of recent progress on inflation, but the move isn’t likely to mark the beginning of a full-fledged rate-cut cycle, according to the former president of the Fed’s Dallas branch. “Its path for September is pretty clear,” Robert Kaplan, who left the Fed in October 2021 and is now vice chairman at Goldman Sachs Group Inc., said Thursday. “I think there’s a good chance they could do one more cut in December.”

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Curating today’s top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders.

Robert Kaplan Talks Interest Rates, Inflation and Elections

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0acb0a6b-32d4-428b-a9bb-b1b1009f89ed/transcript

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