Evans on CNBC:
- Global risk is higher than December
- Accommodative policy continues to be appropriate
- If data is as expected, still see two hikes
- Dot plot would adjust if data came in stronger
- Eventually we want to get rates up to normal
- Threshold pretty high for hike at April meeting, but it is a live meeting
- Don't want to get ahead of ourselves with two quick rate hikes
- Nervous about trade numbers
- Not seriously concerned about Chinese hard landing
- Could move in June on continued labor market gains
Evans is due to speak at 1700 GMT (1 pm ET) but it looks like we're getting an early preview.
It's interesting that he points to the jobs market in June. Yellen and others have put more emphasis on inflation, wages, business investment, trade and the consumer.
- I don't think inflation is going to get out of hand
- US economy will warrant two hikes this year
- I'm a little nervous about business investment this year
- Looking for 2-2.5% growth this year
- Global policy divergence means Fed doesn't have to raise rates 'as much'
- Could hike more than twice this year if data strong