- Fed's Evans: Until cost pressures lead to inflation, I'm happy to wait and see
Market news
15 April 2019
Fed's Evans: Until cost pressures lead to inflation, I'm happy to wait and see
- Economy in the first quarter is looking stronger than it did in December
- Inflation is a bit lower than I would like it to be
- Looking for U.S. GDP growth of 1.75%-2.00% this year
- Fundamentals continue to be quite good
- The unemployment rate is likely to go sideways or down a little bit
- What is concerning me is that inflation is not hitting 2%
- I'm quite comfortable with everything we did on rates
- We can continue to probe wage growth
- Happy to be data-dependent and see how things play out
- I can see the funds rate being unchanged into the fall Of 2020
- A recession would be unexpected
- We have less capacity to cut rates if we get into a downturn
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