Fed's Kaplan: Fed will be patient, doesn't want to hike rates precipitously

During a Q&A session at the Stemmons Corridor Business Associations annual meeting, Fed Dallas President Robert Kaplan said that he expects a much stronger US GDP growth for second half of 2016.

Key headlines (via Reuters):

• Expects 1.75 pct U.S. GDP growth in 2016, enough to take out further slack from labor market
• Says is scouring but sees no evidence yet of overheating