Evans in Iowa

  • Sees 3.5% unemployment by year end
  • Current data warrant Fed on hold until mid-year
  • He would support further hikes if inflation picks up
  • Dissent on Dec hike was a close call
  • Notes a 'litany' of positive trends in growth
  • "When I talk with CEOs of firms that have a broad global footprint, I am really impressed with how widespread these gains are."
  • Full text

By Evans' standards, this is less dovish than you would expect. The tide is turning towards more hikes this year, possibly four.