Speaking to reporters

  • Taking a wait and see attitude to see how economy responds
  • Fiscal stimulus puts upward pressure on the economy
  • Fiscal makes us (i.e. the Fed) more aggressive on rate hikes
  • Could see big move in stocks if trade outlook changes
  • Stock gains haven't been commensurate with profit growth
  • Will wait and see what happens on trade
  • In December was forecasting to hikes, has now adjusted his forecast to 3
  • Everything on table in regard to 2, 3, 4 hikes in 2018
  • Trade is causing uncertainty in the other direction
  • Expects departure of Cohn to have an impact, introduce uncertainty about coming economic policy