Fed's Kaplan: Future Accommodation to Be Very Gradual

The transcript discusses employment trends, wage growth, and inflation, highlighting the Federal Reserve's approach to interest rate changes. It examines the impact of secular trends like technology disruption and globalization on the economy, and the factors influencing rate increases. The discussion emphasizes a gradual approach to removing economic accommodation, considering market expectations and economic conditions.

What is the Fed's stance on future rate increases based on the consensus mentioned?

What does the speaker suggest about the path of rate increases in the future?