Dallas Fed head Kaplan speech

(prepared text prior to Brexit counting)

Headlines via Reuters

  • Repeats call for removing accommodation in gradual, patient manner
  • Prepared remarks omit recent promise to 'advocate' for US interest rate hike
  • Says continues to expect 2 pct US GDP growth
  • Confident inflation will reach Fed's 2-pct goal over medium term
  • Says monetary policy less effective than other policies with rates near zero
  • Says US needs structural, fiscal policies to boost growth