Comments from the Chicago Fed President on CNBC:
- Believes the disappointing jobs number will be a 'one month thing' due to restarting economy
- I think workers are looking for jobs that will be good for 5 years, not 3 months
- We will have to pay attention to wages and whether that will lead to sustainable inflation over years, I don't think it will
- There isn't enough supply for a lot of goods
- Once all the bottlenecks are worked out, I think it will level out
- Beyond temporary factors, inflation expectations will be very important, we'll be watching that
- Inflation rates at 2.5% don't bother me as long as it's consistent with averaging 2% over time
- We're going to have to see more employment numbers and we're going to need to see inflation to start a taper talk. When data is stronger, we'll be talking about it
There's nothing new here but Evans is the Fed President that's most-aligned with the core of the FOMC so he's a good person to watch carefully.
