Chicago Fed President Evans is speaking in Georgia. He will take questions from the audience and media afterwards so expect headlines for the next hour or so.

  • Inflation ‘low around the world’
  • Estimates maximum employment at 5.25% to 5.75%
  • Inflation can be a little above 2%

Forecasts:

  • Expects 2014 growth 2.5% to 3.0%
  • Expects growth about 3% in coming years
  • Sees unemployment ‘closer to 6%’ by year end
  • Inflation about 1.5% this year
  • 2% inflation will ‘take some time’
  • Emerging markets may see falling commodity demand