Fed's Kaplan on Rate Cuts, Yield Curve, Trade Uncertainty

The transcript discusses the Federal Reserve's monetary policy, focusing on recent rate cuts and their impact on the economy. It highlights concerns about global growth, trade tensions, and market expectations. The Fed's role in setting appropriate policy to foster economic growth is emphasized, along with the effects of trade uncertainty on business investment.

What does the speaker mean by saying that the Fed's actions should be 'modest and restrained'?

What are the potential consequences of waiting too long to adjust monetary policy according to the speaker?

How does the speaker describe the current state of business investment?

What does the speaker indicate about the Fed's future actions regarding monetary policy?