More dovish FOMC member. Spoke earlier on CNBC

Fed's Evans will be speaking at the top of the hour.

Earlier today, Evan's was interviewed on CNBC and said the following:

  • Inflation is a bit lower than I would like it to be
  • I'm looking for 1.75%-2.00% growth this year
  • The economy is doing fine
  • The unemployment rate is likely to go sideways or down a little bit
  • What is concerning me is that inflation isn't hitting 2%
  • I had supported more hikes because I expected inflation to be higher
  • I'm quite comfortable with everything we did on rates
  • We can continue to probe wage growth
  • Until cost pressures lead to inflation, I'm happy to wait and see
  • less capacity to cut rates if it gets to a downturn
  • on Trumps weekend tweets, said the Fed has to pay attention to data and dual mandate