Chicago Federal Reserve Bank President Charles Evans on CNBC in the wake of the strong NFP result Friday:
- "We've indicated that conditions look like they could be right for an increase"
- "The real side of the economy is looking a lot better"
- "A good number ... seems to support my outlook for 2016 pretty well. I'm looking for 2.5% growth real GDP. ... (I'm a) little worried about downside risk with the weak foreign economy, financial restrictions a little higher, things like that, but numbers like this help support that outlook quite well"
- "Strong wage growth would be a very helpful component to ... my outlook and I think also pushing inflation up to 2%, which is what we need. you know, it's only one number."
- I think there probably still is a little bit of slack, but ... I would like to see wage growth go up quite a lot"
- I think what we're likely to get into discussing before too long is what's the path of the rate increase is going to look like ... because that's what's going to dictate how accommodative or restrictive our policy is ... and so I think we need to have communications which indicate that the path is going to be gradual."
Ryan had the earlier headlines, the full transcript is now at CNBC
Evans can talk the talk. There is still more economic data (including another NFP) before we get the FOMC decision in December, then we'll see if they can (finally) walk the walk too.
