Fed's Dudley: Fed forecast for three 2018 hikes is a reasonable starting point

After delivering his prepared remarks, New York Fed President William Dudley is responding to questions from the press.

Key quotes (via LiveSquawk)

Fed forecast for three 2018 hikes is a reasonable starting point.

Could go faster or slower depending on how data evolves.

Expects some portion of tax cuts to be competed away.

Worth discussing Fed policy framework.

Let’s achieve 2% inflation before shifting goal higher.