- Chicago Fed President Evans says he's comfortable with policy now
Market news
4 June 2019
Chicago Fed President Evans says he's comfortable with policy now
- Economy is doing well, inflation near 2%
- Dual mandate has served the Fed extremely well
- Trade uncertainty seems to be weighing on business investment
- He's comfortable with policy now but worried about inflation levels below 2%
- I'd be more aggressive in defending 2% inflation target
- Consumer and labour markets remain strong
- Can look through price increases from tariffs
- Policymakers should be overshooting 2% target to be symmetric
- Inflation pressures seem not strong or absent
- Would take it into account if the economy softens but that hasn't been seen
- If there is more softening, policymakers need to ask if they are getting in the way of the economy
- Markets are seeing something that I have not yet seen in the national data
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