Fed's Kaplan: Future removal of accommodation should be done patiently, gradually

In a published essay on Thursday, Dallas Federal Reserve Bank President Robert Kaplan said that future removal of accommodation should be done patiently, gradually.

Key quotes (via Reuters):

• Would like to see greater evidence that inflation is moving toward fed's 2-pct goal
• Will be appropriate to begin trimming balance sheet later this year
• U.S. GDP growing slightly above 2 pct in 2017, removing remaining slack from labor market
• Recent weak inflation may be transitory, but is patient, open-minded on outlook
• Per-barrel oil price in $40s to low $50s range for rest of 2017