Former Fed Kaplan. September is a possibility, but Fed still expects the Fed to be patient ...Middle East

Goldman vice chairman and former Dallas Fed president Kaplan speaking on CNBCThat won't take action at June and July meetingsBut do not be surprised to hear some hawkish splash patient rhetoricexpect the Fed will work hard to maintain its flexibilityIf at the Fed, I am in a risk management positionI think the next move not known likely be down not up but the timing is I would like to see inflation moderately improve between now and September.Fiscal spending is more moderate but still running spending programs.Fed does not want to see real acceleration in inflationWe have a jump in labor's market because of immigrationFed was very late to raise rates - up to 20 months.I think that the Fed may

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