Kaplan speaks to reporters after forum in NY
He adds:
- Lower inflation gives Fed benefit of being patient
- Fed has time to make a decision on interest rates
- He's not committed to Fed's next policy move, await incoming economic data
- US inflation, which is running below 2% goal, allows policymakers to be patient
- Adaptation of any new inflation framework must be credible
- US economy more sensitive to interest rate changes than ever before due to high levels of public and private debt