Fed Should Do Nothing for This Moment, Goldman's Robert Kaplan Says

Goldman Sachs vice chairman Robert Kaplan said the Fed is 'wise to be a risk manager, not a prognosticator' amid the war in Iran, signaling a cautious policy posture. He highlighted that the conflict has dented financial activity in the Gulf and discussed implications for the US economy and client guidance. Expect firms to emphasize downside scenario planning and monitor Gulf-related and energy-market volatility in portfolio positioning.

Analysis

Goldman Sachs vice chairman Robert Kaplan said the Fed is 'wise to be a risk manager, not a prognosticator' amid the war in Iran, signaling a cautious policy posture. He highlighted that the conflict has dented financial activity in the Gulf and discussed implications for the US economy and client guidance. Expect firms to emphasize downside scenario planning and monitor Gulf-related and energy-market volatility in portfolio positioning.