SF Feds Williams: Not concerned about GDP via ForexLive

In an an interview on CNBC, SF Fed Williams commented:

GDP showed strong consumer spending
He sees strength in economy with a lot of momentum
Sees GDP at 3% in 2015
5% employment by the end of the year. Expects employment will move to full employment by the end of the year
He sees inflation and wage growth moving higher.
We are currently not in a tight labor market yet.
Sees 3-3.5% wage growth in a strong economy. Not there yet.
Inflation can run low for a few months due to lower oil prices
Expects 2% inflation by end of 2016.
His views are that could see a rate liftoff by mid year
Cites that the US is getting close to full employment and that we are starting from point of extreme accommodation
Data dependent on how high rates can go.
Added “international” is a recognition of the world we live in and effects the monetary policy.It is an input for policy.