Kaplan: Fed Should Act by Fall If Inflation Persists

Robert Kaplan, a former Dallas Fed president and current Goldman Sachs vice chairman, states that the Fed will face pressure to ensure price stability if inflation persists through the summer. According to Kaplan, the Federal Reserve may be required to raise interest rates as early as September should inflation remain elevated. He discussed these risks during an appearance on Bloomberg: The China Show, highlighting the potential necessity for further hikes to combat persistent inflationary prints.