Fed's Evan speaks again at the top of the hour

Author: Greg Michalowski | Category: Central Banks

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

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