Market's impact on the Fed: Economist

1:05 PM ET Tue, 12 Jan 2016

What's causing market volatility? Ethan Harris, Bank of America Merrill Lynch, discusses the Fed's next move and whether to expect more pain for the markets. China is not that important to the U.S. economy, says Harris. CNBC's Jackie DeAngelis and the Futures Now traders weigh in with a play on the S&P.