The president and CEO of the Federal Reserve Bank of Dallas, Robert S. Kaplan, joins the Council for an important and timely discussion. Throughout 2019, the Federal Reserve has cut interest rates three times — all but reversing the rate increases from last year. These cuts have been a result of slowing global growth and continuing uncertainty around the US-China trade war. Although cutting rates could help the economy deal with these concerns, US monetary policy decisions have continued to be called into question. Looking ahead as an election approaches, what type of monetary policy will the Fed prescribe to insulate the US economy from external risks?