Kaplan: Fed Should Act by Fall If Inflation Persists

Robert Kaplan, a former Dallas Fed president, emphasized that the Federal Reserve will face mounting pressure to ensure price stability if inflation remains high through the summer. Speaking on Bloomberg's "The China Show," he suggested that proactive measures might be necessary by fall if inflation doesn't ease. This perspective underscores the importance of maintaining economic balance and signals potential future policy adjustments by the Fed to manage inflationary pressures effectively.