Fed Faces a Different Kind of Inflation Problem, Says Kaplan

Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Fed must look beyond headline data to understand what is driving inflation. He points to high diesel prices and other structural pressures that spread through the economy while warning that aggressive rate hikes could damage already-weak sectors. Kaplan explains why policymakers may need to take a slower and more deliberate approach. He speaks with Bloomberg's Tom Keene and Paul Sweeney.