Charles Evans, president of the Federal Reserve Bank of Chicago is speaking in Sydney today on 'The US economic outlook and monetary policy '
- Says if there was an overshoot, policy would not have to 'do much work' to lower expectations back down
- Risk is inflation will not return to fed's 2 pct target rate within acceptable time period
- Benefits to Fed engineering policy to spur overshoot of 2 pct inflation target
- Says worried about low inflation expectations
- Says uncertainty over measures of full employment 'enormous'
- US not yet at full employment
those via Reuters
More (Bloomberg):
- Sees inflation not rising to 2% goal until roughly 2020
- Fed should peg hikes to inflation progress
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No urgency on rate hikes from Evans here
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Meanwhile the USD is sitting nearly on session highs pretty much across the board.