Chicago Fed President Charles Evans delivered a speech in Wisconsin:

  • Repeats call for exceptional patience in raising rates
  • Still significant underutilization of labor resources
  • Fed getting close to twin goals over next 2-3 years
  • Concerned inflation won’t rise to 2% in reasonable time
  • Stronger dollar could hit exports, hold down expectations

The dollar chorus is getting a bit louder; that’s the only thing new here.