Evans speech

  • Repeats that he favors gradual hikes
  • Need slow set of rate hikes to give economy adequate growth buffer in case of downside shocks
  • Sees 2-2.5% growth for the next couple years due to fiscal stimulus
  • Sees unemployment at 4.25% at end of 2019
  • Willing to modestly undershoot on employment goal to make sure inflation doesn't get too high
  • Sees inflation rising to 2% by 2019, downside risks remain