Fed's Kaplan: Want to see more evidence of stronger inflation before hiking rates again

Dallas Fed President Robert Kaplan continues to give his remarks about the monetary policy at a Q&A session in Dallas, with the key quotes, via Reuters, found below:

• Want to see more evidence of stronger inflation before raising rates again
• Very comfortable with current level of Fed funds rate
• Still open to the theory that recent inflation weakness is transitory
• Want to see more data, be patient to see how secular forces are affecting inflation
• Fed should begin letting the balance sheet run off before the end of the year
• Will be very patient about making another rate hike