The Federal Reserve's interest-rate tightening policy will rely on a lot of talk and selling some assets before any actual hike in rates, Dennis Gartman, founder of The Gartman Letter, told CNBC Thursday.
Fed officials have recently been talking about an exit strategy, with Philadelphia Federal Reserve Bank President Charles Plosser saying Tuesday the central bank may have to raise rates even before unemployment falls to an "acceptable level."
"The economy is in fact doing better," Gartman told "Squawk Box Europe."
"You can actually see it on the streets, the hotels are more crowded, the streets are more crowded," said Gartman, who is currently in New York.
On Wednesday, James Bullard, president of the St. Louis Fed, told CNBC he thought the economy would grow more strongly in the fourth quarter than in the third.