Impacts of U.S. Elections and Trade Tensions on Fed's Rate Path with Rob Kaplan

Rob Kaplan, Vice Chairman at Goldman Sachs, discusses the potential impact of the U.S. elections and trade tensions with China on the Federal Reserve's rate path. Kaplan anticipates a rate cut in September regardless of the political climate, emphasizing the need for the Fed to navigate issues such as globalization, energy transition, and fiscal spending. He stresses the importance of monitoring policies like immigration and tariffs, highlighting the uncertainties surrounding future fiscal decisions and their influence on the Fed's trajectory.