US Fed's Evans says they need to prepare public for unconventional policies
US Chicago Fed head Evans with scheduled speech 14 Nov
- calls for new policy approach to deal with future bouts of zero interest rates
- price level targeting may be a good way to go, but needs more study
- Fed should think ahead about how to adjust framework
- for any new policies to succeed Fed must deliver on current 2% inflation goal
Ah yes, that old inflation issue comes back to spoil any party.
Meanwhile EURUSD still failing into 1.1700 but similarly not retreating too far either. EURGBP failing at 0.8935 tho again and now 0.8919 lifting GBPUSD up above 1.3110
Keep up at the back!