Comments from the Chicago Fed President (non-voter)

  • Sees 22.25% GDP growth in 2020
  • Inflation ought to be rising up to 2% in this climate
  • Current Fed policy is accommodative
  • I think we need to be keeping our eyes on inflation
  • We need to show we can get to our symmetric inflation target
  • We're pretty well set with our policy
  • I don't see a big risk in running rates too low but we're monitoring financial risks very closely
  • We've seen a lot of uncertainty relating to trade policy
  • The manufacturing sector has definitely been hit
  • We've finding the economy can continue to expand with a modest contraction in manufacturing
  • We could decide to put a standing repo facility into place, another option is to have a larger balance sheet

Evans was on CNBC.