The Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated, according to
“If inflation prints don’t cool between now and we get to September, I actually think the balance of risks suggests it would be wise to take some action, either in September or in the fall,” Kaplan said in a Bloomberg TV interview. “That’d be the wiser thing to do.”
Robert Kaplan, a former Dallas Fed president and current vice chairman of Goldman Sachs, says the Fed will be under pressure to deliver price stability if inflation prints don’t cool over the summer. He speaks on “ Bloomberg: The China Show.”
Traders dumped short-term Treasuries, pushing some yields higher, after Fed Chair Kevin Warsh ...
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