Fed's Kaplan Says Inflation 'Not Running Away From Us'

The transcript discusses market expectations for interest rates in 2019, highlighting that the market has priced out any rate hikes and is more inclined towards a rate cut. The speaker shares a personal view advocating for patience and vigilance in the face of market uncertainties. Inflation is not seen as a pressing issue, with technology and globalization having a dampening effect. The speaker emphasizes the luxury of patience in current Fed policy.

What is the speaker's stance on the likelihood of a rate cut before the end of the year?

What does the speaker suggest about market expectations and sentiment?