US Fed's Kaplan: accomodation should be removed gradually

Dallas Fed head Robert Kaplan spoke with reporters today in Florida, giving his thoughts on the US rate situation.

Key highlights

Energy price volatility is going to increase.

Labor force slack is beginning to work itself out.

2018 should still be minimum three rate hikes.

Symmetrical inflation target of 2% is still in place.

Fed is watching energy price pressure carefully.