Fed Evans speaking to reporters in Toronto now

Author: Eamonn Sheridan | Category: Central Banks

Still very dovish

  • Fed can do more
  • Low rates until jobless rates hits 6.5% as long as infl below 2.5%
  • 2.5% inflation safeguard more appropriate, the 3% safeguard made people anxious
  • Needs to see monthly gains of at least 200,000 for 6 mths & above potential GDP growth before Fed could end QE3
  • Keeping int rates low even after recovery strengthens does not necessarily mean higher inflation

Just re-iterating, Evans is a dove, he doesn’t have an FOMC vote at present (in 2012, but will again in 2013)

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