Goldman Sachs Vice Chairman Kaplan on Fed predictions

I think they've got the luxury of waiting one meeting. I think uh you you know I've talked about there's there's strategic errors and there's tactical errors. Strategic error is you you delay in a way that it takes a year or two to to to fix it. Uh that probably is true of what happened in 21 and 22. I think that was a more strategic error. If if you're a meeting late, you'll live. Uh and and I think what they don't want to do is make a mistake where they they hike too far too fast and we lo and behold we look up next year because the because diesel's not resolved. You haven't made a dent in inflation but you have slowed further a bunch of segments of the economy that were already sluggish. Uh and and maybe uh you're struggling with both ends of the dual mandate. And that's the balancing of the debate that they're