And also:

  • US households are very cautious
  • Doesn’t expect inflation to rise in the next 18 months – but upside risks further out

The comments from Evans and lacker have not been very interesting so far, and have been ignored by the markets.

There is a Q&A coming up, maybe we’ll get some fireworks out of them. Having said this, neither Evans not Lacker have a vote on the FOMC this year. Evans is a voter this year.

Stay tuned