Fed's Kaplan: There's no question cyclical pressures on inflation are building

Dallas Federal Reserve Bank President Robert Kaplan is delivering additional comments, with key quotes, via Reuters, found below.

Open-minded on upcoming meetings on possible rates hikes.

An overshoot of the full employment objective could create imbalances, Fed would need to play catch up on raising rates.

Prudent risk management means some action to remove accommodation gradually, patiently.

There's no question cyclical pressures on inflation are building.

Structural forces keeping inflation down are also intensifying