Kaplan Wants to See 'Hawkish Pause' by Federal Reserve

The transcript discusses the FOMC meeting and the possibility of the Fed pausing rate hikes. Despite rate increases, the economy remains strong, partly due to fiscal programs. The debate on data dependency in decision-making is highlighted, with a focus on the backward-looking nature of data. The impact of fiscal policy on the Fed's actions and the diminishing returns of further rate increases are also discussed, suggesting a preference for a 'hawkish pause' approach.

What factors are contributing to the Fed's decision-making process regarding interest rates?

What does the speaker mean by saying that data is backward looking?

How does the current fiscal policy impact the Fed's approach to rate increases?

In what ways might small and midsize businesses be affected by Fed funds increases?

What is meant by a 'hawkish pause' in the context of the Fed's monetary policy?