Fed's Kaplan: Intends to keep an open mind on raising rates at upcoming meetings

Head of the Dallas Federal Reserve Robert Kaplan

• Says he intends to keep an open mind on raising US interest rates at upcoming Federal Reserve meetings
• Repeats view US making good progress on full employment goal
• Believes cyclical inflation pressures building, but muted by secular forces limiting pricing power
• Will be looking for signs that cyclical inflationary pressures can offset structural headwinds
• Says he's mindful that waiting too long to raise rates may leave fed behind curve, boosting chance of recession

Headlines via Reuters