Comments from Evans, who is in Madrid, spoke with Bloomberg
- Says his dot is below the median forecast
- March hike was 'perfectly acceptable'
- Unclear if there's any resources slack
- I'm looking for 2.25% growth this year
- Fiscal uncertainty weighs on the outlook
- Core PCE won't reach 2% until 2019
- Fed can react quickly if inflation accelerates
If you read between the lines, he likely sees the 2-3 hikes this year as bringing the Fed close to neutral so he probably envisions the Fed heading to the sidelines after that.
More from a panel in Madrid and BBG interview
- Inflation well underway to rising to Fed goal
- US labor market vibrant, fundamentals really quite solid
- I wouldn't be expecting next rate hike to be at May meeting
- I would be surprised to have a decision to make in May
- Uncertainties are still pretty high in US
- US needs more sustainable productivity and wage growth
