Fed's Kaplan: Wise for Fed to remove accommodation but patiently

Dallas Fed President Robert Kaplan, continuing with his speech in Frankfurt, was further noted saying that:

   •  We are likely to overshoot full employment
   •  Significant overshoot likely to create imbalances elsewhere
   •  Once concern over recent tax legislation is that it will lead to higher debt to GDP
   •  Wise for Fed to remove accommodation but patiently