Speaking before the Civic Affairs Society on the Univ. of Chicago
- Inflation is too low and it's outlook is uncertain
- Relatively good near term growth outlook
- Pace of rate hikes should be ties to progress on achieving inflation goals
- Fed should commit to achieving 2% inflation goal sooner rather than later
- Appropriate Fed policy may require under shooting on unemployment overshooting on inflation
- Labor market improvements are solid
- Good news inflation is closer to target
- We should be averaging 2% going forward
- Labor market is strength of the economy
- Room for growth before inflationary troubles emerge
- There is an arithmetic constraint on potential US growth. Sees 1.75% to 2% growth
- Shocking demand for safe assets around the world
Evans is a dove and also a non-voting member.
