Evans spoke yesterday. Here's a recap of what he said.
- Sees neutral in range of 2.00-2.50%
- Thinks it's useful to front load
- Once we get to neutral, the Fed could move to 25 bps hikes
- Fed is moving expeditiously towards neutral
The Fed might be shifting to a stance where they hike by 50 basis points until getting to 2% or close and then going 25 basis points each meeting, rather than taking a pause.
