More Fed's Evans: Expects transition to talking about 25bp hikes by July or September

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of Chicago President Charles Evans spoke earlier:

• Fed's Evans calls to raise interest rates to 2.25% - 2.5% quickly
• More from Fed's Evans - short-term neutral rate may be higher than long-run rate

More again:

• I expect by July or Sept meeting we will be talking about transitioning to 25 bps hikes
• by December we'll have many more data points 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
• by December I expect we will have completed any 50 bps hikes and have put in place at least a few 25 bps hikes
• I do expect we'll have to go beyond neutral
• once rates are above neutral, I would look for a point where I'm comfortable sitting and assessing the impact of restrictive rates

Perhaps Evans gets paid by the word. I'm hoping this is the last we hear from him today.