Comments from the Dallas Fed President

  • Says he's mindful of Fed getting behind the curve
  • Says he backs rate hike in near future
  • Wants to avoid a situation where the Fed plays catch up
  • Low stock market volatility is extraordinarily unusual
  • Hikes overall should be gradual and patient

Hawkish stuff from a guy who hasn't been especially hawkish. That said, he's still talking about gradual and patient.

Kaplan is a voter now but he won't be next year.