Goldman Vice Chairman and Former Fed Official Kaplan on Rate-Cut Dilemma

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 4 May 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will the Federal Reserve cut interest rates this year? How is Fed Chair Jerome Powell and central bankers thinking about recent volatility in financial markets? This week, we’re bringing you an episode of WSJ’s Take On the Week, where hosts Telis Demos and Gunjan Banerji talk to the people closest to the hot topics in markets to get incisive analysis on the big trades, key players in finance and business news. Gunjan and Telis talk to Rob Kaplan, vice chairman at Goldman Sachs and former president and CEO of the Federal Reserve Bank of Dallas, about the central bank’s tough task ahead to lower inflation. They also dive into President Trump’s recent remarks about Powell and the Fed independence debate. If you like this episode, check out more of WSJ’s Take On the Week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Capital Group and KKR are bringing public and private credit together, seeking to unlock opportunities previously out of reach for you and your clients.
0:08.3	Visit Capitalgroup.com slash plus to learn more. Capital Client Group, Inc.
0:14.6	Hey, What's News listeners, it's Sunday, May 4th. I'm Luke Vargas for the Wall Street Journal, and this is What's News Sunday,
0:22.0	where we take a step back to look at the stories moving the agenda. So we thought you would
0:27.4	enjoy this episode of our podcast, WSJ's Take On the Week, which cuts through the noise by talking
0:33.4	to the people closest to the hottest topics in markets and business news.
0:43.1	This week, the Federal Reserve is set to meet on Tuesday with the central bank at a crossroads,
0:48.3	facing widespread uncertainty in the economy and pressure from the Trump administration.
0:53.8	So what can we expect from the upcoming interest rate decision and what could it mean for markets,
0:55.2	businesses, and consumers.
0:58.1	Hosts Gungin Banergy and Telestimos speak with Rob Kaplan,
0:59.9	vice chairman of Goldman Sachs,
1:02.1	and former president and CEO
1:03.7	of the Federal Reserve Bank of Dallas.
1:06.1	If you like what you hear, go and subscribe
1:08.1	to WSJ's Take On the Week.
1:10.5	We've left a link to help you do that in our show notes.
1:16.9	Welcome to WSJ's Take On the Week.
1:19.3	I'm Gunjin Banerjee.
1:20.5	And I'm Telestimos.
1:21.8	We are facing one of the most uncertain economic moments in recent history.
1:26.6	And the Federal Reserve is at a crossroads.
	...

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