Someone pass him the manufacturing data

  • Sees that continuing into 2016
  • Net exports are a drag on economy
  • US will need to continue policy accommodations
  • 3-5 Fed rate hikes range for 2016 makes sense
  • Gradual pace of hike range for 2016 is appropriate
  • Fed needs to focus on its dual mandate and medium term
  • Says we're focused on where the US economy is heading
  • USD has held down inflation
  • Dollar is clearly a factor that affects the outlook
  • USD value is determined by international markets
  • Sees continued job gains and 2% - 2.5% GDP this year

Speaking on CNBC

He also dips into China by saying that the Chinese stock market doesn't affect the US directly and that the Fed has seen decent pretty good Chinese consumer spending