Fed's Kaplan: Expects 3 rate hikes in 2018 as 'base case'

Following his speech, Dallas Fed President Robert Kaplan responded to questions from the press, providing key quotes, via Reuters, found below.

Reduced Chinese debt buying would likely not disrupt Fed's plan to gradually shed bond holdings.

Asked about china curbing treasuries purchases, says hard to predict how it would unfold given record global liquidity.

Expects three U.S. rate hikes in 2018 as 'base case'.

'A lot of strength in U.S. economy right now' so there is risk that growth is stronger than expected.

Sees 'strong tail wind' for growth, tighter labor market; does not want to 'play catch up' with U.S. policy.

Expects U.S. tax cuts to boost GDP in short term, but will trail off as economy returns to trend growth over next few years.