From the tone of his testimony today, it's obvious he sees a pretty strong economy.

Today wasn't fitting for him, I don't think, so everyone's pretty disappointed.

It's the same tone that he took in his testimony two weeks ago.

One thing is obvious, whoever sees the future will control that future

The longer-term up-trend in the index is intact. Inventories are extremely lean, global growth is firming and there are mounting unfilled orders.

The trend is still for healthy productivity growth between 2% and 2.5%, and unit labor costs are expected to only slowly rise over the coming year.