- Chicago Fed president Evans: Fundamentals are solid for the economy
Market news
5 June 2019
Chicago Fed president Evans: Fundamentals are solid for the economy
- Prudent to take a look at monetary policy setting
- You have to wonder about the inflation process given persistent weakness in price pressures
- Low inflation itself is grounds to weigh more accommodation
- Says his estimate for 2019 GDP is 2%
- Has to be sure that the Fed is not getting in the way of "good growth"
- There may be insurance reasons to talk about policy adjustments
- Not concerned about inflationary effects of tariffs; they're a one-off
- Real issue we have if stating what we mean by "symmetric"
- Need to defend 2% symmetric inflation target "very strongly"
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