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
  • Sees unemployment rate dropping below 4.5%
  • Notes FOMC moved up GDP forecast to 2.5%

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%

Sep updated forecasts