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