Fed's Kaplan: Will be cautious, patient with policy

In an interview with CNBC, Dallas Fed President Robert Kaplan said that the Fed will be cautious and patient with the policy.

Key quotes (via LiveSquawk)

• Gradual and patient is what Fed ought to be.
• Sees muted inflation
• The economy will look in the first half of 2019 differently to 2018.
• We are a little below neutral policy rate.
• Neutral is by its nature not precise.
• If there is a slowdown in global growth, then the US will not be immune.