- My outlook is roughly in line with Fed median assessment of rates at 4.25% to 4.50% at year-end
- At some point, it will be appropriate to slow the pace of rate increases and hold rates for a while to assess the impact on the economy
- Our actions will result in below-trend growth and softening of labour market
- But fialing to restore price stability would result in far greater costs
- Many of the risks to the Fed's outlook appear to be on the downside
- Expects inflation to cool substantially over the next couple of years
- Full speech
All of this isn't anything new and with Evans saying that his view is more or less in line with the general FOMC outlook, there isn't much to really look too much into the remarks above. The only thing perhaps is the soft landing versus hard landing debate but then again, the Fed is in a much, much better position to avoid that argument for now as compared to the likes of Europe and the UK at least.