Kaplan on Monetary Policy, Small Mid-Size Banks, US Economy

The transcript discusses the Federal Reserve's potential rate hike decision amidst mixed economic indicators, such as resilient consumer spending and weak manufacturing. It highlights the impact of fiscal spending, like the ARPA and Inflation Reduction Act, on the economy and monetary policy. The discussion also covers global economic factors, particularly China's growth, and their influence on the US economy. The performance of big banks versus small to mid-sized banks is analyzed, along with the labor market dynamics affected by fiscal spending and wage trends.

How is the labor market being affected by new projects and the movement of workers?

What are the implications of the Inflation Reduction Act and Infrastructure Act on local economies?

What challenges do companies face in finding workers at the income levels discussed?