Fed's Evans: 'Substantial further progress' won't be met for a while

Author: Adam Button | Category: Central Banks

Comments from the Chicago Fed President out early:

Comments from the Chicago Fed President out early:
  • Still some ways before reaching goals
  • Expects policy to remain on hold for some time
  • Hopefully employment goal in sight before too long
  • Achieving inflation goal may prove more difficult
  • Economy has a good deal of momentum but still a long way to go before regaining pre-pandemic levels
  • We need to get higher rates of inflation and solidify 2% inflation expectations
We have a full slate of Fedspeak today and the FOMC minutes but I expect a similar tone from all of them.

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose