Comments from Fed's Kaplan
- reduced China debt buying would likely not disrupt Feds plan to gradually shed bond holdings
- He added on China chatter that it would be hard to predict how it would unfold given record global liquidity
- Expects three US rate hikes in 2018 as the base case
- A lot of strengthen US economy right now so there is a risk that growth is stronger than expected
- Sees strong tailwind for growth, tighter labor market
- Would prefer not to play catch-up with US policy
- Expects US tax cuts to boost GDP in short-term, but growth will trail off as economy returns to trend growth over the next few years
