Chicago Fed President Charles Evans in Indiana
- It's time to return to more conventional monetary policy
- Risks to outlook are balanced, fundamentals are solid
- Dot plot shows mildly restrictive rates in 2019, 2020
- Doesn't see inflation rising to level that tests 2% goal
- Sees inflation rising quite a bit over the next few years
- Rate projections quite normal, given jobless outlook
Evans was dovish for a long time but has been shifting to the other side and is hawkish here.
