Feds Evans: Only needs to be concerned if inflation becomes bothersome

Author: Greg Michalowski | Category: News

Feds Evans speaks at a virtual event hosted by Prairie State College foundation

Feds Evans
The Fed's Evans is speaking at a virtual event hosted by the Prairie State College foundation.  He comments that the Fed only needs to be concerned if inflation becomes bothersome.  A 2.5% inflation rate should not be viewed as being out of bounds.  He is confident that the Fed would adjust policy if inflation runs to high and comments that it is a good thing that longer-term yields are rising.  

He says: 
  • focuses on actual data not just forecasts
  • labor markets are moving in the right direction but still a long way to go
  • Will need to see months and months of higher inflation before we will know if it is sustainable
  • As inflation rises it will be uncomfortable but have to be patient and bolder
  • risks are balanced
  • It is too early to even start talking about talking about QE taper. 
Fed's Evans is a voting member. 
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