
Can the U.S. Avoid Stagflation? | Rob Kaplan on Tariffs and Fed Independence
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In today’s episode of The Call, Robert Kaplan, Vice Chairman at Goldman Sachs and former President of the Dallas Fed, lays out why the U.S. Federal Reserve is cornered by rising tariffs, sticky inflation, and mounting political pressure.
As businesses brace for slower growth and the Fed takes a wait-and-see stance, Kaplan joins Jay Sapsford to explain why this moment calls on business leaders to be risk managers, not forecasters—and what’s at stake if confidence in U.S. markets continues to erode.
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