Goldman's Kaplan Says Fed May Hike by Fall, Sees Risk of More

Rob Kaplan, vice chairman at Goldman Sachs Group Inc. and former president of the Federal Reserve Bank of Dallas, warned that the Federal Reserve may need to raise interest rates as soon as September if inflation remains elevated. Kaplan's comments reflect concerns about persistent inflationary pressures that could force the central bank to take action sooner than previously anticipated. The former Fed official, drawing on his experience within the Federal Reserve system, suggested that multiple rate hikes could be necessary if economic conditions warrant such measures. His remarks underscore growing apprehension within financial circles about the trajectory of inflation and the potential policy responses needed to address it.