"Two is, the Fed being more clear actually reduces uncertainty in markets," Wolfe said. "They've made clear the slope of their hikes is actually quite low, so that's encouraging."
He also said the market has weathered recent geopolitical events well, which also adds to the positive sentiment around a Fed rate hike.
"The main features of the market — high-profit margins and the like — are still intact, so I think investors are looking through a lot of the issues that are out there right now," he said.
Wolfe made his remarks a day after the Fed released the minutes from its October meeting, which revealed that most policymakers agreed conditions for a rate hike "could well be met by the time of the next meeting."
U.S. equities closed near session highs on Wednesday, after extending gains following the release of the minutes.
The next meeting of the Federal Open Market Committee is Dec. 15-16.