Kaplan: Fed Has Done What Can With Its Tools

The transcript discusses the current criticism of the Federal Reserve's monetary policies, emphasizing the need for structural reform and fiscal policy to complement monetary efforts. It highlights challenges such as aging demographics, globalization, and high debt levels, suggesting solutions like workforce growth and infrastructure spending. The Fed's role is examined amidst market pressures, with a focus on a flatter path of interest rate increases.

How does the speaker perceive the relationship between Wall Street and the Federal Reserve's decision-making?

What is the anticipated path of interest rates according to the speaker, and what factors influence this outlook?