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Powell, Jerome H. on 2017 March 2 at 10:30

I think the case for a rate increase in March has come together, and I do think it's on the table for discussion.

The economy has behaved pretty much as we expected. In the meantime, the balance of risks, which has been to the downside in recent years, has really shifted to being even and perhaps lifted to the upside because of the possibility and the likelihood of some fiscal action. So you put all that together, and I think the case for a rate increase in March has come together, and I do think it's on the table for discussion. … I wrote down three rate increases in the September Summary of Economic Projections. That still feels about right to me. That's a gradual path by any historic measure. And it does feel to me that is about right, but it is really going to depend on what the economy does. Could be higher, could be lower. Powell, Jerome H.

CNBC Squawk Box

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