Robert Kaplan on the Fed’s New Framework, Inflation, and the Post-COVID Economy

Robert Kaplan is the president and CEO of the Federal Reserve Bank of Dallas. Previously, he was a professor and Associate Dean at Harvard Business School, and prior to that was a Vice Chairman of Goldman Sachs. Robert is a returning guest to the podcast, and he rejoins Macro Musings to discuss the Fed's new framework, inflation, interest rates and more. Specifically, David and Robert talk about COVID’s impact on FOMC operations, how demographic trends are impacting productivity, the Fed’s expanding balance sheet, its average inflation targeting framework, and more.   Transcript for the episode can be found here.   Robert’s Twitter: @RobSKaplan Robert’s Dallas Fed profile: https://www.dallasfed.org/en/fed/bios/kaplan.aspx   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth