Fed's Kaplan: Repeats that Fed can afford to be patient

Fed's Kaplan speaks in Austin, Texas Sept 9, 2016

In his previous appearance on Aug 25, Kaplan also said the Fed can afford to be patient on rate hikes.

Other comments:

  • US rate hike path will be very shallow, very flat
  • Markets have gotten plenty of notice the Fed is looking for an opportunity to raise rates
  • Sees frustratingly slow progress on inflation
  • Case for rate hike has strengthened in last several months
  • Economy does not look like it's overheating
  • Declines to comment on when he prefers to raise rates

Kaplan is a voter in 2017.

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