Dallas Fed President Robert Kaplan spoke with Wall Street Journal reporter Nick Timiraos on Thursday, Aug. 23, in Jackson Hole, Wyo. He discussed his outlook on trade disputes, political pressure and the prospect of additional interest-rate increases this year. Here is a partial transcript of the interview, which has been lightly edited for clarity.
WSJ: Will President Trump’s preference for low rates have any bearing not only on how you all set policy, but also on how you communicate those decisions?
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