Rob Kaplan on the Fed, AI, and How Globalization Is Happening Without the US

This episode of the Odd Lots podcast, recorded live at the Future Proof Conference, features a discussion with former Dallas Fed President Robert Kaplan, now Vice Chairman of Goldman Sachs. The conversation revolves around the latest jobs report, potential Fed rate cuts, and the implications of the AI boom on the economy, including its impact on productivity, the power grid, and inflation. Kaplan shares his insights on the neutral rate, the complexities of globalization, and the strategic rationale behind tariffs, offering a perspective on the crosscurrents influencing Fed policy and the broader economic landscape. The discussion also touches on the divergence between the stock market and gold, and the varying economic experiences of different consumer groups in the US.