Speaking in New York
- The domestic economy is in pretty good shape
- Investment spending is a bit lower than expected
- Dollar strength has been a drag on US exports
- The rest of the world is not that strong and that has made the US less competitive
- Fed decision will depend on the data
- Let's see what happens over the next 4 weeks
It's astounding that some Fed members think that another month of data will seriously change the economic picture either way
