Chicago Fed Pres. Evans: Need to raise rates a good deal more over coming months

Chicago Fed Pres. Charlie Evans is speaking on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and his policy stance:

• will need to raise interest rates a good deal more overcoming months
• risks to the downside. Must be ready to adjust policy
• inflation clearly much too high
• bad news on inflation was an important consideration and on support for 75 basis point hike in at June
• own viewpoint roughly in line with expectations for policy rate of 3.25% to 3.5% and end of year and 3.8% at end of 2023
• less accommodative monetary policy will dampen very high labor demand
• inflation will call substantially over next couple of years
• labor market is a downright tight