Fed's Kaplan: Don't Have Bias Toward Next Rate Move Being Up or Down

The transcript discusses the Federal Reserve's stance on inflation and interest rates. It differentiates between cyclical and structural inflation, highlighting the impact of technology and globalization on pricing power. The speaker emphasizes that structural forces are less susceptible to monetary policy and outlines conditions that could lead to rate changes. The discussion concludes with a focus on future economic indicators and maintaining a neutral stance.

What is the speaker's view on the structural forces affecting inflation?

What does the speaker expect for the inflation rate by the end of the year?