When he talks, he really talks
– China’s direct impact to US economy is pretty small
– CEO’s are very worried about China
Moving back to the US
– Expects more improvement in jobs market
I’m not sure where he’s pulling that 2.5% number from as the Fed raised the central tendency to 2.0% – 2.3% and included a new median at 2.1%. He must be pulling the increased higher number from the Fed’s range at 1.9%-2.5%