Fed’s Kaplan: We should be able to hike rates in ‘not too distant future’

Fed’s Kaplan on CNBC
– Bond market predominantly driven by global search for yield
– We are making progress on employment, slow progress on inflation
– Case for hiking rates ‘strengthening’
Kaplan has taken the same slightly-hawkish tone before but there’s still good news for the US dollar here and it’s a sign of what’s to come at Jackson Hole.