Bloomberg Talks Robert Kaplan Talks Fed Cuts, Trump Policies
5 snips
Dec 19, 2024 
Robert Kaplan, vice chair of Goldman Sachs and former president of the Federal Reserve Bank of Dallas, shares insights on the current economic landscape. He discusses the recent Fed interest rate cuts and their ramifications. Kaplan analyzes the Trump administration's fiscal policies and their potential impact on inflation. He dives into concerns about tariffs affecting Texas businesses and explores the complexities of the debt ceiling. Lastly, Kaplan expresses optimism about the robust economic growth in Texas, highlighting the state's business expansion.
AI Snips
Chapters
Transcript
Episode notes
Fed Interest Rate Decision
- The Fed lowered interest rates to 4.25-4.5%.
- They likely won't lower them further without improved inflation.
Projected Interest Rate Cuts
- The Fed's projection of two interest rate cuts next year is uncertain.
- Structural changes from the new administration could alter this projection.
Impact of New Administration Policies
- The new administration's policies include regulatory review, lowering energy prices, and reducing government spending.
- These policies also include tariffs and stricter border control.