Fed's Kaplan: Central bank has met goals, should raise interest rates gradually to neutral level

Below are key takeaways, via Reuters, from the recently published essay by the Dallas Fed President Robert Kaplan.

• U.S. Central bank has met goals, should raise interest rates gradually to neutral level.
• Sees three to four more rate hikes before neutral level reached.
• Once rates reach neutral he'd be inclined to 'step back and assess' outlook.
• Sees U.S. Gdp growth at 3 pct this year.
• Yield curve suggests United States is 'late' in economic cycle.
• Gradual rate hikes give 'best chance' for extending U.S. Economic expansion.
• Will watch yield curve as he judges pace of rate hikes.
• Will also monitor for any impacts from global instability.