Fed's Kaplan: three rate hikes is a reasonable good base case him

Fed's Kaplan has been hitting the wires while speaking at the Board of Trade Event in Vancouver.

• Fundamental, political and economic wrap: dollar squashed by declining US yields

Key comments so far (Livesquawk):

Fed’s Kaplan: We will make some progress this year on inflation.
Fed’s Kaplan: Businesses still lack pricing power.
Fed's Kaplan: Not seen tight labour market fan higher wages yet.
Fed's Kaplan: US labour market is getting very tight.
Fed's Kaplan: Sees U.S. GDP growth around 2.5%-2.75% in 2018.
Fed's Kaplan: Says he would give the U.S. Economy A B+ or A -, with a weaker grade after this year.
Fed's Kaplan: Markets are pricing in two and a quarter rate hikes;
Fed's Kaplan: Three rate hikes is a reasonable good base case him.
Fed’s Kaplan: Fed should gradually, patiently remove accommodation.

About Fed's Kaplan:

Robert Steven Kaplan has served as the thirteenth president and CEO of the Federal Reserve Bank of Dallas since September 8, 2015. He represents the Eleventh Federal Reserve District on the Federal Open Market Committee in the formulation of U.S. monetary policy and oversees the 1,200 employees of the Dallas Fed