Fed rate pause was the right call, Goldman’s Kaplan says
Goldman Sachs Vice Chairman Robert Kaplan has backed the Federal Reserve’s 9–3 decision to keep interest rates at 3.50%–3.75% in July, arguing that policymakers needed more time to assess inflation before acting. Summary The Fed held rates at 3.50%–3.75% in July despite three votes for an increase. Kaplan said incoming data should determine whether policymakers…
