Fed's Kaplan Says Inflation 'Not Running Away From Us'

The transcript discusses market expectations for interest rates in 2019, highlighting that the market has priced out any rate hikes and is more inclined towards a rate cut. The speaker shares a personal view advocating for patience and vigilance in the face of market uncertainties. Inflation is not seen as a pressing issue, with technology and globalization having a dampening effect. The speaker emphasizes the luxury of patience in current Fed policy.

What is the market's expectation for interest rate changes in 2019?

• A rate increase is expected.

• A rate cut is more likely.

• Both a rate increase and cut are equally likely.

• No changes are expected.

According to the speaker, what should be the approach towards interest rate actions?

• Wait until uncertainties are resolved.

• Increase rates to control inflation.

• Cut rates to stimulate the economy.

• Immediate action is necessary.

What is the speaker's main objective regarding interest rate decisions?

• To increase rates immediately.

• To follow market trends closely.

• To be vigilant and patient.

• To be aggressive and proactive.

What is the current inflation rate mentioned by the speaker?

• 4%

• 2%

• 1%

• 3%

What factors are mentioned as having a muting effect on inflation?

• Consumer spending and savings.

• Interest rates and monetary policy.

• Technology and globalization.

• Government policies and regulations.