Fed's Kaplan: Patient and gradual interest rate hikes required by Fed until at least June 2019

Additional comments from Dallas Fed President Robert Kaplan continue to cross the wires with key quotes, via Reuters, found below.

• 10-year yield rise is signalling uncertainty over future growth prospects.
• Neutral rate could be lifted if there is higher productivity.
• Patient and gradual interest rate hikes required by Fed until at least June 2019.
• Fed is reaching its 2pct inflation target and do not believe inflation is going to run away from us.
• Fed has latitude on speed of rate hikes, however, higher inflation may challenge that next year.
• Believes that structural pressures are more deflationary.
• Technology, globalisation limiting pricing power.
• Cyclical inflation pressures are building.
• Inflationary pressures building given the tariffs, oil prices, and hot labour market.