- Chicago Fed president Evans: If job market improvement continues, likely that the bar will be met soon and tapering can begin
Market news
27 September 2021
Chicago Fed president Evans: If job market improvement continues, likely that the bar will be met soon and tapering can begin
- U.S. economy "close" to meeting substantial progress bar to start taper
- Low unemployment rate should not dictate a change in policy rate if inflation rate has not become undesirable
- Inflation does not yet satisfy Fed's overshooting criterion
- Long-run inflation expectations are still likely somewhat below target
- Fed should focus on producing sustainable inflation that aligns with 2% goal
- Most supply issues to be "largely resolved" next year
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