Fed's Evans on CNBC
- The fundamentals of the economy are good
- 2% target is symmetrical and we need to follow through on that
- I think it's too simplistic to say the past three months were an anomaly
- Competition is coming from new places and that could be hurting margins
- We could go until December and then make a decision on rates as we watch the data
- The economy has been doing quite well, after the election there was a wave of optimism
- Now there is a bit more uncertainty and it's taking longer, it hasn't been laid out in a clear manner so people are probably downgrading what they expect
- The labor market is getting tighter for sure
- Not overly nervous about market levels
Market pricing is for about a 20% chance of a hike in September and a 50/50 shot in December. Evans sounds a bit more confident that that but he also doesn't sound like he's in a rush to hike. He's a dove so he will be one of the first to join Kocherlakota if the data continues to disappoint.
