Goldman Sachs Kaplan: The Federal Reserve's decision to "stay put" in July was completely correct, and it may continue to "kick the can down the road" before September to maintain flexibility.

Goldman Sachs Vice President Robert Kaplan stated that the Federal Reserve's decision not to raise interest rates in July was "absolutely" the right choice, and urged policymakers to maintain an open mind ahead of the September meeting. He pointed out that current inflation and deflationary pressures are interwoven, creating a complex "countercurrent," and that rigid forward guidance could backfire.