• Sees first Fed rate rise likely in late 2015
  • sees at least 6 months between end of QE and first rate rise
  • Sees some ‘serious flaws’ in the Fed’s September ‘dots’ forecasts
  • Dot forecasts leave differences of opinion on full display
  • Willing to consider possibility of lowering interest rates on excess bank reserves
  • Would support delaying the first rate hike as late as 2016
  • No rate rise ‘no matter what’ if inflation at 1%

Earlier comments here

Evans is dove with no vote on FOMC this year