Goldman's Kaplan: May See Fewer Than Two Fed Cuts Next Year

The transcript discusses the Federal Reserve's decision to adjust interest rates by a quarter point for the third consecutive time. It highlights the challenges and debates surrounding this decision, noting that the rates are now at 4.25% to 4.5%. The discussion also covers the Fed's future projections for rate cuts next year, emphasizing the uncertainty and potential changes due to structural shifts with a new administration. The summary of economic projections is likened to a carton of milk, indicating its short shelf life and the possibility of changes based on unfolding events.

What decision was made regarding interest rates?

How does the speaker feel about the decision to lower interest rates?

What factors might influence future interest rate cuts?

What does the speaker compare the summary of economic projections to?

What is the speaker's view on the reliability of economic projections?