Fed's Kaplan Says Cutting Rates Should Be Limited, Restrained, Modest

The transcript discusses the role of market expectations in policy-making, emphasizing that the primary goal is to foster economic growth rather than satisfy market demands. It highlights the need for actions beyond monetary policy, such as workforce development and trade improvements, to address economic slowdown. The speaker expresses caution about over-communicating policy intentions and suggests that current policy adjustments should be modest and not indicative of a prolonged cutting cycle.

What uncertainties does the speaker mention that could affect future policy decisions?

What does the speaker suggest about the current cutting cycle?