More comments from the Fed's Evans:
- Expects gentle, gradual rate rises but that would change if data is stronger
- Sees more downside than upside risks
- If inflation rose to 2.5% would want policy to be neutral or possibly even restrictive
- Wants more evidence inflation is rising to 2%, does not mind if it overshoots
- The precise meetings at which rate hikes will take place will depend on data
- He projects two hikes this year based on his economic outlook
Still a surprisingly hawkish bent from a major dove. Bonds have been selling off on his comments and they're likely responsible for some of today's USD/JPY strength.