Fed's Kaplan Says Rates Should Be Moving Toward Neutral

The transcript discusses the Federal Reserve's approach to interest rate increases, focusing on moving towards a neutral stance with three or four increases over the next 9 to 12 months. It highlights the balance between cyclical factors like a tight labor market and structural factors such as globalization and automation. The goal is to prevent inflation from getting ahead, avoiding rapid rate hikes that could lead to recession. The strategy is to gradually raise rates while meeting dual mandate objectives of full employment and stable inflation around 2%.

What is the expected timeline for rate increases mentioned in the text?

What is the significance of the 'trim mean' mentioned in the context of inflation measurement?

What are the two conflicting factors affecting inflation as discussed in the text?

How does the speaker view the relationship between gradual rate increases and inflation control?

What are the dual mandate objectives mentioned in the text, and how are they being met?