[Goldman Sachs: Fed's Decision to Hold Steady in July Absolutely Correct, Should Remain Open Before September] Deep Tide TechFlow reports that on August 13, Goldman Sachs analyst Robert Kaplan stated that the Federal Reserve's decision not to raise interest rates in July was "absolutely" correct and urged policymakers to remain open-minded before September. He cited the complex factors influencing inflation and warned that rigid forward guidance could backfire. Kaplan remarked, "If we see meaningful improvement, I might be willing to continue holding steady, but I want to fully utilize every moment before September to make judgments and avoid rigidity or preconceived notions." Kaplan identified current influencing factors, including inflationary pressures from AI development, tariffs, labor constraints, and surging oil prices. At the same time, he noted that AI applications are exerting an opposing force, accelerating the trend of inflation easing. He suggested that Waller should use this month's Jackson Hole symposium to briefly explain the rationale behind the Fed's decision to hold steady in July, rather than delivering a purely "philosophical" speech. Kaplan expressed greater concern about the long end of the U.S. Treasury yield curve than the federal funds rate itself. He noted that the global rise in long-term Treasury yields reflects a structural supply-demand imbalance driven by persistently loose fiscal deficits, rather than Federal Reserve policy. (Jin10)