Fed's Kaplan: unlikely that govt debt path is ‘sustainable’

Federal Reserve Kaplan was hitting the wires (note, he will not be a voting FOMC memeber next year): 

• Says unlikely that govt debt path is ‘sustainable’
• Describes low stock-mkt volatility as `extraordinarily unusual'
• Rate hikes should be gradual & patient
• Inflation target not met yet, expected overshoot on employment target is growing
• Risk falling behind curve by waiting too long to see evidence inflation
• Rate hikes in near future likely appropriate - rtrs
• He's mindful of Fed getting behind the curve
• Says he backs rate hike in near future
• Wants to avoid a situation where the Fed plays catch up