Fed's Evans answers reporters questions

  • Comfortable with projections for Fed rates on hold in 2020
  • Getting inflation to 2.5% would reinforce goal symmetry
  • Important to overshoot Fed's inflation target
  • No need for restrictive Fed policy given low-inflation
  • Projected 2.2% inflation in his quarterly forecast
  • The economic outlook is good
  • We've added quite a good amount of accommodation
  • He does not anticipate any more risk management rate cuts to be needed
  • He's quite comfortable with raising rates once in 2021 and again in 2022