Head of the Dallas Fed Robert Kaplan,

  • Fed should be taking steps to remove additional amounts of accommodation
  • Fed should raise rates sooner than later
  • Fed can raise rates in gradual, patient manner
  • Raising rates sooner will reduce likelihood fed will be behind curve on inflation
  • Sees further scope for job growth without overheating economy
  • Expects inflation to reach 2.0 pct in medium term
  • Says as Fed raises rates it should start discussion of how to reduce balance sheet

Comments posted to the Dallas Fed's website

Headlines via Reuters